Small investors scramble to sell their share in Royal Mail
I was on a trading floor as Royal Mail was officially listed on the London Stock exchange today.
There was a remarkable amount of trading - within five minutes more than a million shares had been traded.
To a large extent this is small investors selling - the idea of Royal Mail being owned to a significant extent by individual investors is slipping away rapidly, as stock is bought by the big institutions.
The price after an hour was 4.88 from yesterday's 4.75.