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
Read More »Royal Mail shares rally as profits almost double in first results as private … – The Independent
The Independent Royal Mail shares rally as profits almost double in first results as private …The IndependentRoyal Mail posted another surge in earnings today, but revealed tougher trading at its parcels business and cautioned over the impact of recent strike fears. In its first set of results as a listed …
Read More »Royal Mail Shares: Stockholders to Receive £133m – IBTimes.co.uk
IBTimes.co.uk Royal Mail Shares: Stockholders to Receive £133mIBTimes.co.ukRoyal Mail shareholders are set to receive £133m in dividends for 2013 after the recently privatised delivery company reported a near doubling of first half year profits. According to the group's financial results, Britain's newly privatised Royal Mail… More: continued here
Read More »Royal Mail Shares: Vince Cable Advised ‘Very Unwise’ to Push 330p Offer Price Higher
Business secretary Cable tells MPs institutional investors would have walked away from higher valuation. More: continued here
Read More »Reporters: Edwin Lane and Ben Morris – BBC News
Reporters: Edwin Lane and Ben MorrisBBC NewsThe Royal Mail is set to release its first results as a private company in about 45 minutes. Business Secretary Vince Cable is also facing a select committee hearing later over concerns the postal service was undervalued when it was floated on the … …
Read More »Royal Mail: Cable faces questions on privatisation – Telegraph.co.uk
Royal Mail: Cable faces questions on privatisationTelegraph.co.uk09.53 Adrian Bailey asks Cable why said he was not aware of any sources of information saying Royal Mail was undervalued, when Panmure Gordon, JP Morgan and Citi all said so. Cable says these banks were not involved in the float and were giving …
Read More »