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Royal Mail profits surge ahead of planned sell-off

Annual profits rise to £324m as the government prepares to sell the 497-year-old postal service Royal Mail has reported a 60% increase in pre-tax annual profits to £324m, as the government prepares to sell off the 497-year-old postal service in the most ambitious privatisation since British Gas in 1986. The company, which ministers hope to float on the London stock exchange within a year, said …

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