Vince Cable defends the privitatisation ion of Royal Mail
The Business Secretary has said he has no intention of apologising over the privatisation of Royal Mail despite a critical report from the spending watchdog.
Vince Cable said the Government was right in its handling of the sale of Royal Mail shares, even thought the National Audit Office said ministers sold them for less than they were worth.
Labour described the sale as a "first class disaster".
At the end of the first day of trading the shares that the Government had sold for 330 pence changed hands for 455 pence - a rise of 38%.
The National Audit Office said that first-day trading performance tends to range "between a fall of 5% and and increase of 38%".
With the government accused of short-changing the taxpayer after selling its 60% stake in Royal Mail, ITV News looks at who now owns the firm.
Royal Mail's owners - key facts
The Government is still by far the largest shareholder, with a 30% holding in the new company (NAO report)
The other big group of shareholders is the Royal Mail's 167,000 employees themselves, who have 10% of the shares in trust. (NAO report)
Then there are the top ten institutional shareholders, who own just under 20 per cent of shares, [according to the FT](from this link in the FT http://markets.ft.com/research/Markets/Tearsheets/Business-profile?s=RMG:LSE).
Institutional shareholders
The Children's Investment Fund Management (UK), 45.85m, 4.59%
GIC Pte Ltd. (Investment Management), 41.02m, 4.10%
Hargreaves Lansdown Stockbrokers, 17.11m, 1.71%
Legal & General Investment Management Ltd, 14.62m, 1.46%
Kuwait Investment Authority (Investment Management), 14.20m, 1.42%
TIAA-CREF Investment Management, 13.59m, 1.36%
Artisan Partners, 11.77m, 1.18%
Credit Suisse Securities Europe, 10.49m, 1.05%
BlackRock Investment Management (UK), 8.97m, 0.90%
Goldman Sachs & Co, 8.72m, 0.87%
(18.63% of shares held by top holders: Holder, Shares, % Held).