Profits jump at newly-privatised Royal Mail, sending shares another 5% higher …This is MoneyShares in newly-privatised Royal Mail surged 5 per cent this morning after it revealed operating profits have nearly doubled in the past six months. But in its first set of results as a listed company, Royal Mail …
Read More »Profits surge at newly privatised Royal Mail – Financial Times
Profits surge at newly privatised Royal MailFinancial TimesRoyal Mail doubled its operating profit in the first half of the year but parcels growth slowed as customers switched to rival operators in anticipation of a threatened strike. The newly privatised postal operator on Wednesday reported operating profit … More: continued here
Read More »Royal Mail’s results deliver amid valuation worries – CNBC.com
Royal Mail's results deliver amid valuation worriesCNBC.comThe U.K.'s recently privatized Royal Mail reported a hike in first-half profit on Wednesday, amid continuing concerns that it was sold off too cheaply when it floated in October. In its first financial results as a listed company, Britain's postal … More: continued here
Read More »Royal Mail: Cable faces questions on privatisation – as it happened – Telegraph.co.uk
Telegraph.co.uk Royal Mail: Cable faces questions on privatisation – as it happenedTelegraph.co.ukMinisters refuse to accept that Royal Mail was sold off too cheap. 11.11 Cable and Fallon are sticking to their guns. Both say they think the Government will look back on the sale as professional and well-managed. "We categorically …
Read More »Royal Mail shares rally as profits more than double in first results as … – The Independent
The Independent Royal Mail shares rally as profits more than double in first results as …The IndependentOverall Royal Mail's pre-tax profits hit £1.6 billion for the year to October but, stripping out the windfall from new pension accounting, profits jumped from £94 million last year to £233 million. Revenues inched …
Read More »Royal Mail reports jump in profits – BBC News
BBC News Royal Mail reports jump in profitsBBC NewsRoyal Mail has seen half-year profits rise, driven by higher revenue from its parcel business, in its first results since its partial privatisation. Pre-tax profits were £233m for the six months to 29 September, up from £94m a year earlier, excluding …Vince …
Read More »UK says last-minute price hike would have risked Royal Mail sale
Britain's sale of the Royal Mail postal service, its biggest privatisation in decades, would have been put at "considerable risk" if it had tried to raise the price at the last minute, ministers said on Wednesday. Last month's Royal Mail selloff has grabbed headlines, with unions and opposition MPs criticising …
Read More »Royal Mail: what do its results mean for shareholders?
The company opened up its books today. They are long and complicated, so we cut through the jargon and pick out the key figures More: continued here
Read More »Royal Mail reports jump in profits
Royal Mail reports a big jump in half-year profits in its first results since its flotation, as Business Secretary Vince Cable defends the sale before MPs. More: continued here
Read More »Royal Mail delivers record profits but transformation slows – UPDATE
Operating profits up 96 per cent; Slowdown in transformation due to union talks; Strike threat deterring parcel customers. More: continued here
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