Royal Mail

Further consultation to come

Introduces UK's first CDC scheme

Chancellor George Osborne is to begin selling the government's 80% stake in Royal Bank of Scotland at a loss, saying any further delay could jeopardise the economy.

The government's privatisation of the Royal Mail was underpriced by £180m, a report commissioned by Business Secretary Vince Cable has suggested.

Taxpayers lost out on roughly £1bn in the Royal Mail initial public offering due to poorly-priced shares, MPs have said.

The government could have reaped more value from the Royal Mail sale it if had been less cautious and better controlled access to shares, the National Audit Office has said.

Royal Mail reported a significant jump in profits this morning thanks to a number of one-off gains, as it posted its first set of results since listing.

Royal Mail shareholders have been richly rewarded so far, with gains of more than 60% on their investment. But is the game up for now, or should investors hang on to shares ahead of the group's results?

IPO FRENZY

FIVE THINGS