This is Money Royal Mail reveals profits of £440m paving way for £3bn stock market …This is MoneyRoyal 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 …
Read More »Just because Royal Mail is in a fit state to be sold doesn’t mean it should be – The Guardian (blog)
The Guardian (blog) Just because Royal Mail is in a fit state to be sold doesn't mean it should beThe Guardian (blog)Royal Mail's full-year profit numbers were intended to be read as the first draft of a flotation prospectus. Chief executive Moya Greene was in full warm-up mode. "Our strategy …
Read More »False Alarm: Empty Suitcase Brings Bomb Squad to Centralia Post Office – Centralia Chronicle
False Alarm: Empty Suitcase Brings Bomb Squad to Centralia Post OfficeCentralia ChroniclePolice tape surrounds the Centralia Post Office on the corner of South Silver Street and Centralia College Boulevard on Tuesday night. A suspicious suitcase in the post office lobby was reported earlier in the evening and local authorities called …
Read More »Royal Mail chief Moya Greene delivers improved profits – Financial Times
Royal Mail chief Moya Greene delivers improved profitsFinancial TimesThis is quite a year for Canadians in London. Just before Mark Carney arrives to head the Bank of England in July, Moya Greene, chief executive of Royal Mail since 2010, announced improved profits on Monday that clear the way for privatisation …
Read More »Royal Mail profits leap to £440m – Manchester Evening News
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 …
Read More »Royal Mail profits rise as privatisation beckons – Scotsman
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
Read More »Senate votes to make small cut to food stamps in farm bill – Washington Post
Senate votes to make small cut to food stamps in farm billWashington PostFood stamps now cost almost $80 billion annually and are used by 1 in 7 Americans. The House and Senate have differed sharply on how much the domestic food aid should be cut, with the House version of …
Read More »Royal Mail is doing well in the public sector – why privatise it? – The Guardian
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 …
Read More »Royal Mail profits soar to £440m in online shopping boom ahead of £3bn sell-off – Daily Mail
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 …
Read More »We will deliver our sell-off, promise Royal Mail bosses – The Times (subscription)
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
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