Royal Mail

Taxpayers lost out on at least £1billion because the Government flogged Royal Mail on the cheap, a committee of MPs has found. The group’s scathing report said Business Secretary Vince Cable massively underestimated the demand for shares because of shoddy advice from bankers. More: continued here

Taxpayers may have lost out on around £1bn in undervalued Royal Mail shares and assets, a committee of MPs says. More: continued here

The controversy over the £3.3bn privatisation of Royal Mail has erupted again as an influential group of MPs has criticised Vince Cable over his handling of the sale. In a coruscating report, the Business, Innovation and Skills (BIS) Select Committee endorsed the view of the National Audit Office (NAO) that …

New York Times Britain to Review IPO Process After Criticism of Royal Mail OfferingNew York TimesLONDON – The British government began an “informal review” on Wednesday of how it pursues initial public offerings of government assets in the wake of questions about whether the Royal Mail offering last year was …

BBC News Taxpayers 'lost £1bn' on Royal Mail sale, MPs sayBBC NewsTaxpayers may have lost out on around £1bn from the undervaluing of Royal Mail, a committee of MPs has said. The government feared failure and acted on bad advice over the Royal Mail stock market flotation, reports the Business, …

CITY A.M. Royal Mail sale set for new probeCITY A.M.Myners and a panel of experts have been drafted in as the Business, Innovation and Skills (BIS) select committee prepares to publish a damning report into the Royal Mail sell-off, which argues that taxpayers were left shortchanged after shares in the …

TAXPAYERS have lost £1 billion in the "botched" sell-off of Royal Mail because the UK Government underestimated the demand for shares, according to a damning new report. More: continued here

Sell-off expert says Royal Mail sale delivered poor valueFinancial TimesThe intervention by David Parker, an emeritus professor at Cranfield University, comes as a committee of MPs said the government's fear of failure and poor quality advice led to taxpayers missing out on £1bn in last year's Royal Mail flotation. More: …

Taxpayers have lost £1 billion over the privatisation of Royal Mail because the Government underestimated demand for shares, a committee of MPs has reported. More: continued here

Lord Myners to review Royal Mail share sell-off fiascoThe IndependentThe announcement of the review by Mr Cable follows months of pressure amid accusations that the Royal Mail shares were sold off far too cheaply. The National Audit Office accused the Government of costing taxpayers £750m on the first day of …