Royal Mail

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 …

Springburn Royal Mail worker Angela Doran stole £45000 for shoesstv.tvA Royal Mail worker stole nearly £45,000 and used the money to buy pairs of designer shoes. Angela Doran took parcels from the sorting office in Glasgow's Springburn to fund her spending habits. The 39-year-old admitted to embezzling a total of …

The Guardian (blog) Royal Mail doubles operating profitFinancial TimesRoyal Mail has more than doubled its annual operating profit as the government prepares to privatise the world's oldest postal service. Operating profit rose from £152m to £403m on a like-for-like basis in the year to March 31. Revenue increased 5 per …

Royal Mail profit soars before privatisationeuronewsLONDON (Reuters) – Royal Mail more than doubled annual profit on the back of an online shopping boom, providing a timely boost as it plans for a stock market listing this year. In a marked turnaround for a business that has been fighting to adapt …