Millions to profit from Royal Mail shares as Labour insists sale too cheap
Christopher Hope, Louise Armitstead and Steve HawkesA late rush has pushed demand to levels experienced during the privatisations of the late Eighties when British Gas and other state industries were sold off.
Ministers on Monday night gave a strong hint that no one who has applied for shares will get less than the minimum allocation of £750-worth. If City expectations are accurate, every investor who registers before tonight’s midnight deadline will make an instant profit of more than £250. The Government committed to offer nearly a third of the shares in Royal Mail to small investors in the biggest privatisation for two decades.
Brokers said demand was outstripping supply, leading to fears that thousands of smaller investors who have applied for more than £750-worth of shares will have their allocations radically cut back.
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"Millions to profit from Royal Mail shares as Labour insists sale too cheap", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), août 2013. Consulté le 02/12/2023. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/millions-to-profit-from-royal-mail-shares-as-labour-insists-sale-too-cheap