Chance to trade on Royal Mail

Investors now have their first chance to make money on the privatisation of the Royal Mail by trading on the expected value of the company, before it floats. ETX Capital launched spread-betting on the UK’s postal service late yesterday and is expecting interest today. The financial services firm’s spread for the firm’s valuation is between £2.71bn and £2.81bn. The Royal Mail’s float is expected to be the largest privatisation since British Rail was sold in the 1990s.