Royal Mail shares close up 38%
Shares in Royal Mail have closed 37.9% up at 455p after a feverish first day of trading on the stock market.
Union: Royal Mail has been 'flogged on the cheap'
The Communication Workers Union (CWU) claims the taxpayer has lost out in the Government's haste to sell-off Royal Mail as the company has been "flogged on the cheap for no good reason."
CWU general secretary Billy Hayes, continued:
-
Value doubts as Royal Mail posts big share rise
A roaring first day's trading in Royal Mail shares has seen Government accused of undervaluing the company before its stock market launch.
-
Royal Mail shares to be priced at 330p on debut
Royal Mail shares will be priced at 330p when it makes its stock market debut, valuing the group at £3.3 billion, the Government announced.