Royal Mail

Britain's public spending watchdog said on Tuesday the government's cautious approach to last year's sell-off of state postal group Royal Mail had led to a sale price that had short-changed the taxpayer. Britain's decision to sell a 60 percent stake in Royal Mail last October for 330 pence a share …

BBC News Royal Mail sale price 'too cautious'BBC NewsThe privatisation of Royal Mail did not achieve the best value for taxpayers because of the government's "deep caution", the spending watchdog says. The National Audit Office said too much emphasis was put on completing the sale within this Parliament, …UK watchdog says …

Govt: Royal Mail sale 'raised almost £2bn'ITV NewsOur course of action was appropriate given the significant risks at the time and the fact that the alternative of a failed sale would have been the worst outcome for the taxpayer. The sale price secured by the Government was based on a …

Our course of action was appropriate given the significant risks at the time and the fact that the alternative of a failed sale would have been the worst outcome for the taxpayer. More: continued here

The Guardian Royal Mail sale: the bungled pricing of a valuable propertyThe GuardianThe bungled pricing of Royal Mail left the taxpayer out of pocket by £750m on day one – more than enough to build a major general hospital. By any measure, Royal Mail was savagely underpriced, coming to the …

ITV News Royal Mail: Investors saw a profit and took itITV NewsIn a sense the sale was a huge success – such was thestampede for a piece of the action that by the end of day the shares that thegovernment had sold for 330 pence were changing 455 pence – …

Taxpayers lost out due to the Government's low valuation of Royal Mail (Other OTC: ROYMF – news) shares during its privatisation, the National Audit Office has found. The Government sold £2bn-worth of shares in October, amounting to 60% of the company. The NAO points out that on the first day …

Telegraph.co.uk Royal Mail shares: taxpayers and small investors lost outTelegraph.co.ukMinisters justified that decision by arguing that institutional investors were more likely to hold the shares for a long period, ensuring stable ownership for Royal Mail. But the NAO found that most of the “priority” investors sold some or all of …

ITV News Caution over Royal Mail sale 'cost taxpayer'ITV NewsThe Government could have achieved better value for the taxpayer through its controversial privatisation of Royal Mail, according to a new report which revealed that most investors given priority to buy shares, sold them shortly after making a profit. More: continued …

The National Audit Office (NAO) said on Tuesday the government's cautious approach to last year's sell-off of state postal group Royal Mail had led to a sale price that had short-changed the taxpayer. The government's decision to sell a 60 percent stake in Royal Mail last October for 330 pence …