Royal Mail revenues up 1 pct, sees parcel improvement

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Britain's Royal Mail (LSE: RMG.L – news) said group revenue for the nine months to Dec. 28 rose 1 percent, marking a slowdown from the half year as an improved parcels performance was offset by fewer letters sales. Shares (Frankfurt: DI6.F – news) in Royal Mail, privatised amid much controversy in October 2013, have fallen 28 percent in the past year as its prospects have been hit by rising …

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