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Half of the "priority investors" who received more than a fifth of the shares in Royal Mail's privatisation a year ago have entirely or almost entirely sold their stakes. An analysis of the 16 investors' shareholdings compiled by the Telegraph using Bloomberg data shows that eight have reduced their stakes in Royal Mail by more than 90pc.

The investors were sold large allocations of shares because of their supposed willingness to buy big stakes for the long term, but many sold off their stakes within days as Royal Mail's share price surged following its privatisation. KPMG wins Royal Mail audit contract and a licence to practise law.

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The Government's approach to these shareholders was criticised by a National Audit Office report earlier this year. Even taking into account purchases of new shares by some of these investors, they own just 15pc of the publicly-traded shares, against 23pc a year ago. According to the Bloomberg data, six investors - Capital Research, Standard Life, Och Ziff, Soros, Lazard and Third Point - have sold their entire stakes. Royal Mail's shares rose from their p offer price to above p in the weeks following the IPO.

The priority investors, who were seen as stable long-term shareholders of Royal Mail, generated considerable public anger when selling off shares. Lazard in particular was criticised: Chuka Umunna, the shadow business secretary, has accused the Government of allowing City firms to "make a quick buck" at the expense of the taxpayer. The Fortune Global has been released — the annual ranking of the largest companies in the world by revenues.

Here is a list of the 20 biggest corporate money-makers. The Big Short, the film adaptation hsbc investdirect royal mail ipo Michael Lewis' book of the indian stock market ebooks for beginners name about the causes of the financial crisis, opens in UK cinemas this weekend.

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Royal Mail IPO: Retail investor demand highest since lastminute float - Telegraph

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Accessibility links Skip to article Skip to navigation. Tuesday 20 June Royal Mail IPO anniversary: Did the 'long-term investors' hang on to their shares? More than half of the 23m shares allocated to these investors have been sold.

JP Morgan Asset Management and Schroders have sold The combined share sales of these eight investors amounts to 88m shares. The biggest companies in the world in The Big Short hits UK cinemas: These are the most valuable start-ups in the world. Starbucks' secret menu - the drinks you didn't know you can ask for. The 20 best countries in the world to do business.

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