#AceFinanceNews the taxpayers get a raw deal with the fact that they were blind-sided, by being offered a deal for anyone wanting £750.00 worth of shares! In the meantime as with all sell off’s with this government, the greater number of shares were sold prior to the float, to institutional investors! Now they get the gold mine, whilst the taxpayer gets the shaft, after numbers of years supporting the Royal Mails inability to turn any form of profit, as a they spent money hand over fist! Another stitch-up!!!
By This Is Money Reporters
PUBLISHED: 02:42 EST, 11 October 2013 | UPDATED: 06:10 EST, 11 October 2013
11.50: The Royal Mail float has got off to a strong start, with the shares still up a thumping 33 per cent at 438.9p in late morning trading.
The debut appears to have vindicated City players…
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FTSE LIVE: Royal Mail shares soar at debut