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Royal Mail’s red letter day is still a long way off – Telegraph.co.uk

admin November 22, 2011 Royal Mail Leave a comment 232 Views


Telegraph.co.uk

Royal Mail's red letter day is still a long way off
Telegraph.co.uk
For the first time in three years, Royal Mail is throwing off cash – a £309m inflow versus last time's £52m deficit. An 8pc price rise, a tighter grip on working capital and cost cuts (including 5000 more jobs) have reversed the cash burn. …

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