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.
Shares in Royal Mail have closed 37.9% up at 455p after a feverish first day of trading on the stock market.
Prime Minister David Cameron hit back at criticism that Royal Mail was undersold by the government after shares soared 38% this morning at the start of conditional trading.
Speaking from Belfast he told ITV News the sell-off was an "excellent deal" for tax-payers.
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 will be priced at 330p when it makes its stock market debut, valuing the group at £3.3 billion, the Government announced.