Royal Mail

The taxpayer has been sold short by the Royal Mail flotationFinancial Times… it feels safe to say, have rarely figured among them. Long seen as a business in decline, Royal Mail has been affected in recent years both by its highly politicised workforce and by encroachments on its business from …

Royal Mail shares soarFinancial TimesRoyal Mail shares continued to rise this week despite a vote for strike action by postal staff – but thousands of retail investors struggled to sell after the official trading service was overwhelmed. Investors who bought shares directly from the … More: continued here

IBTimes.co.uk Royal Mail Shares Touch 500p Mark as Offer Price Questions Surround Vince …IBTimes.co.ukRoyal Mail shares touched the 500p mark in trading on 18 October, a 51% leap on the government's contentious offer price when it sold off the communications firm, before falling back slightly. Critics of the Royal Mail …

Shares in Royal Mail have risen 50% above the offer valuation a week ago to hit more than £5 as Business Secretary Vince Cable admitted he was told before the float that the price could soar. More: continued here

The Guardian Postal workers' strike: Royal Mail should expect a battle royal | Gregor GallThe GuardianFirst, there is the most obvious sense in which the jobs and conditions of Royal Mail workers are under even greater threat. The company has continually been in a state of being prepared for privatisation …

Cable Hits Back At Royal Mail Sale CriticsYahoo News UKVince Cable, the Business Secretary, has rebutted claims that he cost taxpayers hundreds of millions of pounds by undervaluing shares in Royal Mail, arguing that the price of the privatisation should be assessed only after the Government has sold its … …

Evening Standard Market round-up: Royal Mail float still has stamp of success as buyers flood inEvening StandardPunters got a nice delivery of cash when they flogged their Royal Mail shares this week but for each one selling there were more interested buyers and the postal group shot up again today. …

Derbyshire Royal Mail staff handed £5m in sharesDerby TelegraphIt is the first national strike action at Royal Mail in almost four years and there are fears that the dispute could run on into the busy Christmas period after the union said it would not rule out further strikes. CWU deputy …

Royal Mail shares soar and break £5 barrierEvening StandardShares in Royal Mail have risen 50% above the offer valuation a week ago to hit more than £5 as Business Secretary Vince Cable admitted he was told before the float that the price could soar. The new high was reached as …

Royal Mail broke through the £5-a-share barrier today to trade at 507p – that is a handsome 54 per cent above their 330p launch price a week on from the float. More: continued here