Monday, November 04, 2013

Two biggest private investors in Royal Mail make more than £80 million profit on the shares since privatisation


The two biggest private investors in Royal Mail have between them made more than £80 million profit on the shares since the postal service was privatised earlier this month.

Hedge fund TCI, which emerged last week as the largest single investor, has made a profit on paper of more than £57 million according to calculations by The Mail on Sunday.

Meanwhile GIC, the Singapore government’s investment fund, is showing a profit of more than £24 million on its stake in Royal Mail declared last week .... http://www.thisismoney.co.uk