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Royal Mail shares 'undervalued'

There are concerns that Royal Mail has been undervalued as investors rush to buy shares in the company ahead of tomorrow's midnight deadline. Labour said the sale was "a dream" for City speculators but a nightmare for the taxpayer.

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Royal mail shares set to go on sale

Investors are rushing to buy shares in Royal Mail, with predictions they could enjoy an instant profit of up to 40%.

The current share price is expected to rise significantly when trading starts next week and the demand has been so high the government has been accused of under-valuing Royal Mail.

ITV News Economics Editor Richard Edgar reports:

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