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Bankers grilled on Royal Mail sale

Bankers who arranged the Royal Mail share sale in October face tough questions from MPs over whether the share price was set too low.

A Royal Mail workers' strike planned for Monday is called off after progress is made in talks over pay and pensions.

The Labour Party criticises the Royal Mail privatisation as a hedge fund becomes the company's biggest investor.

The government ignored two banks that valued Royal Mail at 5 billion, far more than the shares were sold for, according to the Financial Times.

Two investment banks canvassed by government 'warned Royal Mail sell-off price was too cheap'

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