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Royal Mail Nears FTSE 100 As Vince Cable Defends Cheap Sale

Royal Mail' s six-day-a-week postal service would have been threatened if coalition ministers had tried to sell the business off at a greater share price as it would fall into the hands of "short term hedge funds", Vince Cable has warned. The Business Secretary made a robust defence of the government's handling of the Royal Mail stock market flotation as it is expected the Royal Mail will today …

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