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Cable defends Royal Mail sale price

Business Secretary Vince Cable defends the 330p flotation price of Royal Mail on a day when shares in company briefly touched 5.

Royal Mail workers vote to go on national 24-hour strike on 4 November, postal union announces

Polling by the Communication Workers Union suggests there will be an overwhelming vote for strikes by Royal Mail staff.

Royal Mail chief executive Moya Greene says it is "the proudest moment" of her career, following the privatisation of the "wonderful institution".

Shares in Royal Mail rise to 478p as full trading in the company begins on the London Stock Exchange.

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