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Royal Mail Shares Open Up 36 Percent on Market Debut

Shares in Britain's Royal Mail postal service opened at 450 pence in their London stock market debut on Friday, 36 percent above their privatization price. The rise will fuel the debate over whether the sale, one of Britain's biggest privatizations in decades, was priced too cheaply. This comes following criticism from the opposition Labour party that the government was short-changing taxpayers. The hugely oversubscribed sale of a majority stake was priced at 330 pence ...

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