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Showing posts with the label Hedge funds. Investors

The evil face of capitalism. Exploting the sick for greed economic gain .

  http://www.theguardian.com/business/2015/sep/21/entrepreneur-defends-raise-price-daraprim-drug Entrepreneur defends decision to raise price of life-saving drug 50-fold.   The price of the drug Daraprim, which treats a dangerous parasitic infection was raised from $13.50 (£8.72) per pill to $750 (484.68) per pill.   Martin Shkreli at his office in New York. This is what capitalism is all about. Greed, exploitation and selfishness to make the greatest amount of money possible at the expense of all those other people who are not in a position to resist. Some people try to tell us that the class war is over. Tell that to the million and more people reliant on foodbanks, or the hundreds of thousands on zero hours contracts, or the sick waiting for medical appointments due to cuts, or the homeless who will never be able to afford a home of their own or even a rented home , or the disabled forced to into poverty, or working families having th...

A rip off and sale of a public asset in the name of political dogma.

  http://www.theguardian.com/uk-news/2014/jul/11/royal-mail-sale-lost-1bn-says-select-committee Royal Mail sale under-priced by £1bn Royal Mail Rip-off It is now officially confirmed, what many of us have been arguing for over a year "the government worried too much about pushing the privatisation through at the expense of getting the best price". Consequently, this government in general and Vince Cable in particular, have given away a public asset to their friends in the city and the British taxpayer (and the people generally) have been the victims of a massive fraud instigated to achieve a political objective. Cable, as the architect of this sell off should be sacked, either because he is/was incompetent or he was part of the Conservative conspiracy to put political dogma before national interest.

"Theives" gain a 13.3p dividend as Royal Mail Profits rise to £430million.

  http://www.theguardian.com/uk-news/2014/may/22/royal-mail-annual-profits-rise-competition-rivals Royal Mail annual profits rise Royal Mail sorting staff   Operating profit after one-off costs rose to £430m from £403m a year earlier on revenue up 2% to£9.46bn. In its first set of annual results since last year's flotation, the group announced a 13.3p dividend for the second half of the year. Another "little" bonus for the the thieving bankers, hedge funds and "investment" brokers, aided and abetted by  the duplicitous Cable and the other ConDem government conspirators who stole this organisation at the time of privatisation and defrauded the British public of £ millions.

The Royal Mail privatisation rip off, will not be investigated. Are we really surprised?

  http://www.huffingtonpost.co.uk/2014/04/28/royal-mail-fca-margaret-hodge-_n_5226303.html?utm_hp_ref=uk Royal Mail Privatisation Will Not Face Probe, Says City Watchdog   Business Secretary Vince Cable and Business Minister Michael Fallon FCA chief executive Martin Wheatley "FCA chief executive Martin Wheatley told MPs that the watchdog had seen no evidence of regulatory failure, despite being unable to say if the process - which saw Royal Mail's share price soar 38% in the first day - had entirely complied with the rules as it had not launched an investigation." The government, certainly the Tory part of it, "gave away" Royal mail at a knock down price to friends in the city. The "sale" of a few shares to the workforce at Royal mail was no more than a token gesture. It is hardly surprising that the scam privatisation will not be probed by the Financial Conduct Authority. Like the man said, "They are a...

Royal Mail to sack 1300 people.

http://news.sky.com/story/1231405/royal-mail-confirms-plans-to-axe-1300-jobs Royal Mail Confirms Plans To Axe 1,300 Jobs Royal Mail sorting staff The government sale of Royal Mail to their "friends" in the city for a give away price was predicted at the time to be bad for Royal Mail, bad for its customers and most importantly bad for the people employed by the organisation. Today's news that 1300 people are to be sacked comes as no surprise to those of us who have opposed the whole concept of privatisation for many years. The pillaging of Royal Mail is just the latest example of Tory plundering of public assets. The sacking of the 1300 will not be the last.

Royal Mail share allocated to "advisers" rise in value by £29m since floatation.

  http://www.theguardian.com/uk-news/2013/oct/25/royal-mail-shares-record-price Royal Mail sell-off advisers allocated millions of shares City advisers were given the opportunity to buy 13m shares in Royal Mail   The "advisers" including Goldman Sachs and UBS, advice to Vince Cable, results in the government selling the shares at a "discounted price" of £3.30. The "advisers" are allocated millions of shares which are now trading at £5.50 per share. There is something very smelly about the whole privatisation of Royal Mail scam which has made hedge funds (one of which is now the major shareholder in the "new" Royal Mail), institutional investors, speculators and "advisers" all a very great amount of money, at the expense of the British taxpayers and the people who are (currently) working for Royal Mail. Vince Cable and the ConDem coalition government, have some very serious questions to answer about this latest rip off of p...

The Great Royal Mail robbery. Taxpayers "shortchanged" as Royal Mail is sold off at a knockdown price.

http://www.independent.co.uk/news/uk/home-news/royal-mail-flotation-thousands-cash-in-as-shares-soar-38-on-first-day-8873500.html Royal Mail flotation: Thousands cash in as shares soar 38% on first day   Leaving aside the obscenity of selling off publicly owned assets to speculators,hedge funds, finance institutions and other friends in the city, the "Great Mail Robbery" demonstrates how government duplicity can ensure that many people can be hoodwinked into believing that privatisation is "good for the tax payer and good for Britain". No matter what Vince Cable may say during his television interviews on the subject, the sale price of the Royal Mail has, more by design than accident, been discounted by at least 30% thus making the offer more attractive to the speculators and losing British tax payers almost £650 million. The surge in the price level, within minutes of the opening of the stock markets, is indicative of an undervalued busin...

Hedge funds and institutional investors will make a killing from the latest privatisation rip off.

  http://www.independent.co.uk/news/business/news/last-minute-rush-to-buy-undervalued-royal-mail-shares-as-investors-sense-instant-profit-8862868.html Last minute rush to buy 'undervalued' Royal Mail shares as investors sense instant profit   The latest "rip off" privatisation sale for the benefit of Hedge funds, institutional investors and big business asset strippers. The privatisation of any industry is not for the taxpayers benefit or for the small scale investor, no matter what the Tory spin doctors and their propaganda machine may tell you. In an interview on BBC News 24, Chuka Umunna, the shadow Business Secretary was less than enthusiastic in his support for the possibility of industrial action by the communication workers union in protest at the privatisation plans and the threats to their jobs in the industry. There was a time when Labour party MP's as well as party activists, were at the forefront in the defence of workers jobs an...