This is Money ALEX BRUMMER: Moya Greene revving up at Royal MailThis is MoneyThe burden of the Royal Mail's multi-billion-pound pensions deficit has been transferred from the postal service to Her Majesty's Government. This has suited both parties. It has freed the Mail from having to make good the deficit each year and it has…
It's been lost in the post for a while, but Royal Mail's £4bn privatisation project finally looks like an imminent delivery. Yesterday the group dispatched first-class half-year results to the Government's doorstep: hitting Britons with stamp price hikes of up to 40 per cent helped Royal Mail to post a 12 per cent jump in…
One in two letters delivered by Royal Mail is now junk mail, as the postal service's chief executive warned households to expect more marketing letters as the group seeks higher revenues from businesses. More: continued here
Anger as Royal Mail profits soarshropshirestar.comRoyal Mail chief executive Moya Greene said the timing of the privatisation was a matter for the Government, but she believed the organisation could not generate the investment it needed by itself. The group said in its interim report that preparations … More: continued here
Parcels help Royal Mail profit soaric CheshireOnlineRoyal Mail has reported a huge increase in half-yearly profits as growth in parcel deliveries made up for a continued fall in the number of letters being sent. Group operating profits in the six months to September were £144 million, compared with £12 … More: continued here
Royal Mail profit jump makes case for privatisationPost and ParcelAlong with improved profitability, this year's first half saw the UK government taking Royal Mail's legacy pension responsibilities off its hands, while Ofcom's deregulation of Royal Mail's pricing also makes the company more attractive to investors in … More: continued here
Operating profits in the six months to September were £144m, sparking fresh controversy over privatisation plans More: continued here
Royal Mail reported a huge increase in half-yearly profits today as growth in parcel deliveries made up for a continued fall in the number of letters being sent. More: continued here
Royal Mail reported a huge increase in half-year profits as growth in parcel deliveries made up for a continued fall in the number of letters being sent and opened the way for one of the country's most … More: continued here
Royal Mail reported a surge in first half operating profit on strong growth in its parcels business, clearing the way for the privatization of the state-owned postal group. More: continued here