Royal Mail

Royal Mail profits leap to £440mManchester Evening NewsRoyal Mail unveiled a big jump in profits to £440m today as it took another step towards a possible stock market flotation later this year. The result for the year to March 31 is more than double the £152m in 2012 – when …

Scotsman Royal Mail profits rise as privatisation beckonsScotsmanMoya Greene, the chief executive of Royal Mail, confirmed she had been “speaking largely to long-only, high-quality investors that would normally participate in an IPO of this scale; investors like pension funds and mutual funds”. She added: “I would … More: continued here

The Guardian Royal Mail is doing well in the public sector – why privatise it?The GuardianThere 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 £403m, from £105m in …

Daily Mail Royal Mail profits soar to £440m in online shopping boom ahead of £3bn sell-offDaily MailRoyal Mail unveiled a big jump in profits to £440million today as it took another step towards privatisation and a £3billion stock market flotation later this year. The result for the year to March …

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