Royal Mail

Annual profits rise to £324m as the government prepares to sell the 497-year-old postal service Royal Mail has reported a 60% increase in pre-tax annual profits to £324m, as the government prepares to sell off the 497-year-old postal service in the most ambitious privatisation since British Gas in 1986. The …

Royal Mail Group Ltd., the state- owned postal service that the U.K. government is looking to sell, said full-year profit more than doubled as growth in web- based shopping spurred parcel deliveries. More: continued here

Royal Mail delivered a 61pc surge in pre-tax profits in a set of annual results that chief executive Moya Greene said "presents a cogent case to investors" for a stockmarket listing.         More: continued here

The Business Secretary Vince Cable says "the big competitive threat to the Royal Mail is email". More: continued here

Royal Mail profits rocket in time for stock market flotationThis is SomersetRoyal Mail is to unveil a big jump in annual profits this week as it paves the way for a £3 billion stock market flotation later this year. The state-owned business should report a surplus of between £300 million …

The Independent 'No alternative' to privatising Royal Mail, says Vince CableThe IndependentHis comments came as Royal Mail announced a big jump in profits to £440 million for the year to 31 March, compared with £152 million a year earlier, helped by parcels growth of the face of a continuing decline …

Sub-postmasters seek delay to Royal Mail sell-offFinancial TimesGeorge Thomson, general secretary of the National Federation of SubPostmasters, told its annual conference in Torquay on Monday there were serious concerns over the network's future and that more work was needed to protect it before Royal Mail was … More: continued here

Royal Mail's annual profits more than double, helped by strong growth in parcel deliveries as more people shop online. More: continued here

The Business Secretary Vince Cable says "the big competitive threat to the Royal Mail is email". More: continued here

Royal Mail has reported a 61pc surge in annual pre-tax profits to £324m in a full year results that will boost the company ahead of its planned £3bn flotation.         More: continued here