Royal Mail

Royal Mail's massive profit hard to take in HighlandsAberdeen Press and Journal, UKBy Jonny Muir and Rita Campbell Community leaders spoke of their astonishment last night at a Royal Mail announcement that its profits had doubled to £321million in the same year that it imposed swingeing cuts on post office services …

PRESS DIGEST – British Business Press – May 15ReutersRoyal Mail has revealed that its profits doubled to 321 million pounds in 2008, prompting unions to urge the government to support the pensions element of the Postal Services Bill and scrap the privatisation plans. But business secretary Lord Mandelson … More: …

UK Stocks Rebound; BT Dividend Cut123Jump.com, FLRoyal Mail returns to profit after heavy cost cuts. ITV revenues decline and look for more cost cutting. Invensys surges on an increase in orders and a dividend hike. Stocks in UK traded sideways and closed higher. Investors appeared willing to take … More: continued …

LONDON, May 14 (UPI) — The British Royal Mail said it turned a profit of $236 million in the past 12 months, almost double what it made the previous fiscal year. More: continued here

Royal Mail’s painful costcutting 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. More: continued here

Royal Mail posted a doubling of full-year operating profit with each of its four units contributing for the first time in two decades, and said its pension fund deficit had also doubled. More: continued here

Profits at Royal Mail doubled to £321 million last year despite a continued fall in the number of letters being posted, in results likely to be seized on by unions who are attempting to stop Government plans to sell a stake in the group. More: continued here

Royal Mail sees its annual profits almost double, as all four parts of the business went into the black for the first time in 20 years. More: continued here

The Royal Mail has doubled its profits to £321m despite a huge fall in the number of letters being posted, the firm announced today. More: continued here

Unions seized on bumper profits at Royal Mail to argue that a doubling of profit, despite a continued fall in the number of letters being posted, should render controversial government plans to part privatise the company obsolete. More: continued here