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Royal Mail reports surge in annual operating profits to £211m

Business lost 4,000 staff through retirement or redundancy but said it was still producing only 'skinny' profit margins Royal Mail has reported a fivefold surge in annual operating profits to £211m just weeks after getting rid of its pension liabilities to the government and introducing major increases in stamp prices. The state-owned business, which is being fattened up for privatisation, also …

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