Small investors scramble to sell their share in Royal Mail

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A postman with two bags of post.
The idea that Royal Mail will be owned to a large extent by small investors is slipping away. Photo: Press Association

I was on a trading floor as Royal Mail was officially listed on the London Stock exchange today.

There was a remarkable amount of trading - within five minutes more than a million shares had been traded.

To a large extent this is small investors selling - the idea of Royal Mail being owned to a significant extent by individual investors is slipping away rapidly, as stock is bought by the big institutions.

The price after an hour was 4.88 from yesterday's 4.75.

More: Royal Mail shares soar as official trading begins