Strikes and questions circle Royal Mail, but bankers stay confident

The Royal Mail’s 40% share price rise since it listed last Friday has resulted in Lazard, the government's financial adviser on the deal, called to Parliament to discuss the controversial privatisation amid threats of strikes from postal workers. But bankers maintain that the shares are likely to return to levels more in line with fundamentals in a few weeks, after which time the success of the deal can be properly judged.