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Credit crunch brings 'end of era' – ePolitix

Credit crunch brings 'end of era'ePolitix, UK"I've been troubled to find the credit crunch being invoked as a kind of trump card in any debate about markets – especially any debate about the role of the market in delivering public services like the Royal Mail, which is batty. … More: continued …

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Royal Mail delivers profits as postbag shrinks – Telegraph.co.uk

Telegraph.co.uk Royal Mail delivers profits as postbag shrinksTelegraph.co.uk, United KingdomRoyal Mail's painful cost-cutting programme – which includes thousands of job losses – allowed the business to post an annual profit in all of its divisions for the first time in two decades. By Katherine Griffiths The better-than-expected results may … More: …

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Royal Mail profits almost double – BBC News

BBC News Royal Mail profits almost doubleBBC News, UKRoyal Mail has seen its annual profits almost double, as all four parts of the business went into the black for the first time in 20 years. The state-owned firm made a group-wide operating profit of £321m in the year to 31 March, …

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Profit alone isn't enough for Royal Mail – Times Online

Profit alone isn't enough for Royal MailTimes Online, UKAnd Adam Crozier, Royal Mail Group's chief executive, had some rather more significant milestones to celebrate when he announced that all four of its businesses, including letters and the Post Office, were in the black for the first time in two decades … …

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Mandelson defends Royal Mail privatisation – guardian.co.uk

Mandelson defends Royal Mail privatisationguardian.co.uk, UKLord Mandelson was locked in a verbal battle with his critics tonight over the wisdom of privatisating the Royal Mail, after the state-owned operator reported a doubling of annual profits to £321m. The business secretary said Royal Mail's headline … More: continued here

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Royal Mail faces threat of strikes – Financial Times

Royal Mail faces threat of strikesFinancial Times, UKBy Jean Eaglesham and Brian Groom Royal Mail faces the threat of strikes over cost-cutting, overshadowing the postal operator's announcement yesterday of a near-doubling of annual profits. The Communication Workers Union is to announce a strike ballot … More: continued here

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