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Royal Mail flotation's froth just keeps getting frothier

Here are three questions to which the business select committee should seek answers Five weeks after the Royal Mail flotation, the froth – as the business secretary, Vince Cable, described it – has not evaporated. Shares that were sold at 330p have been trading above 550p for the past three weeks. In hard money, the difference in market valuation is £2.2bn, or £1.3bn if one looks solely at the …

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