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Royal Mail profit jump lands it closer to IPO

LONDON (Reuters) – Britain's state-owned Royal Mail Group posted a large rise in first half operating profit on Tuesday, paving the way for one of the country's most high profile privatisations in decades. An increase in profits was seen as a key target in plans for a flotation now expected as early as the third quarter of next year, as Royal Mail shows potential investors the impact of its move …

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