Royal Mail

Royal Mail dives 80% on post and pension blowsEvening StandardRoyal Mail's profits have slumped 80% to £39 million as the number of letters sent in Britain continues to slide. The state-owned company said it was "in significant financial difficulty" because of the decline in postal volumes and the huge cost …

David Prosser: Who would want to buy Royal Mail?The IndependentOutlook In getting through legislation for the privatisation of Royal Mail last week, the Coalition Government achieved a success that has eluded its predecessors for the best part of two decades. And that was the easiest part of the process. … …

Profits collapse at Royal Mail as post volume fallsCITY A.M.Royal Mail has reported an 80 per cent slide in profits to £39m driven by the decline of its mail business. Total revenues for the group fell to £9.2bn mainly due to a four per cent dive in its letters and …

The challenges facing potential buyers of Royal Mail were laid bare yesterday when the state-owned postal operator revealed that its letters and parcels and international business had fallen to a £120m loss over the year to April from a £20m profit a year ago. More: continued here

The Strange Tale Of UK Postal LiberalisationHell MailAs a 'strange tale' the position Royal Mail now finds itself in takes some absorbing. We have effectively seen it destroyed apparently by the onslaught of technology, lack of attention by government, forced competition and arguably poor management. … More: continued here

Chief executive Moya Greene (pictured) scooped a £142,000 reward, just £500 short of David Cameron’s annual pay. More: continued here

Financial Times Royal Mail profits smashed by competition and FacebookMirror.co.ukROYAL Mail warned of thousands more job cuts yesterday after revealing its letters business lost £120million last year. New boss Moya Greene admitted the firm was “balance sheet insolvent” and only being kept …Royal Mail cuts more jobs as losses mountThe …

Britain’s state postal service Royal Mail has said its annual profits slumped more than 78%. More: continued here

Privatise post-haste and regret at leisureThe GuardianGet the regulation right first A Royal Mail postbox in a rural area of Suffolk. The letters division fell into a loss of £120m, from a profit of £20m. Photograph Graham Turner for the Guardian Parliament last week passed an act to pave the …

Chief executive Moya Greene (pictured) who is on a basic salary of £500,000, said the average person was spending just £18 a year on postage. More: continued here