Royal Mail

The Times (subscription) We will deliver our sell-off, promise Royal Mail bossesThe Times (subscription)Long thought to be a chronically lossmaking state-owned anachronism, Royal Mail reported a giant leap into apparently sustainable profitability yesterday. Shorn of its multibillion-pound pension liabilities and separated from the struggling Post Office … More: continued here

Telegraph.co.uk Royal Mail delivers 61pc rise in profitsTelegraph.co.ukInvestment costs were £665m, up from £579m the year before which included £75m of redundancy payments, down from £129m the year before. Royal Mail said its delivery and productivity had increased 1.7pc across the core network. The group closed nine … More: continued …

Royal Mail Float Looms After £440m Profits – Sky NewsSky NewsChief Executive Moya Greene, who last year returned the core postal business to profitability after four successive years of losses, said it was a strong performance and that the transformation of Royal Mail was under way. The core postal business …

BBC News Vince Cable: Royal Mail is a declining businessBBC NewsRoyal Mail's annual profits have more than doubled, helped by strong growth in parcel deliveries as more people shop online. Speaking to the Today programme, Business Secretary Vince Cable said: "These are good results and lot of that is down …

A business generating profits on this scale is worth vastly more to government than the proceeds of a sell-off There are now 403 million reasons why Royal Mail should not be privatised. Financial results for Royal Mail just announced show that operating profits in the latest 52 weeks jumped to …

The postal service made £9.3bn in sales last year, and pre-tax profits rose 61 per cent to £324m. Ministers want to offload the group to the public markets before the middle of next year. More: continued here

Announcing a 60 per cent increase in profits to £324million, Royal Mail chief executive Moya Greene defended the huge amount of unwanted 'marketing mail' it delivers. More: continued here

Royal Mail delivers profits fit for flotationTelegraph.co.ukMs Greene said Royal Mail, which is being lined up for the biggest privatisation in 20 years, had already spoken to investors about a potential £3bn listing. “We have had soundings with high quality pension fund and mutual fund investors and the … More: …

Telegraph.co.uk US and Canada eye Royal Mail stakesTelegraph.co.ukMoya Greene, Royal Mail's chief executive, revealed that she has given a roadshow presentation to the Ontario Teachers' Pension Plan as part of the preparation for the £3bn IPO, the biggest privatisation in 20 years. The fund already has £4bn invested …Royal Mail …

BBC News Royal Mail profits jump as parcel sales riseBBC NewsRoyal Mail's annual profits have more than doubled, helped by strong growth in parcel deliveries as more people shop online. Operating profits for the 52 weeks to the end of March jumped to £403m, up from £152m for the previous …