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.
Vince Cable: Price of Royal Mail shares 'tells us nothing'
Business Secretary Vince Cable dismissed claims that the government ripped off tax-payers by under pricing Royal Mail shares, and said today's inflated price was perfectly normal for a big flotation.
He said today's price tells us "absolutely nothing" about the offering and was merely "froth and speculation".
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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.
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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.