Royal Mail: shares surge as trading begins

Conditional trading starts today but anyone who applied for more than £10,000 won't get a thing

Royal Mail

Shares in the newly privatised Royal Mail jumped by 38 per cent in the first few minutes of trading on the London Stock Exchange.

The price, which had been set at 330p per share, reached a peak of 456p before settling back to 437p by 3pm - a rise of 32 per cent. That represents a paper profit of £240 for private investors who took part in the Royal Mail offer.

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