Royal Mail workers balloted on privatisation plans

May 23 (Reuters) - The chief executive of Britain's Royal Mail, Moya Greene, who is responsible for leading a turnaround of the business, is set to receive an annual bonus worth nearly 500,000 pounds, as the company readies itself for a stock market ...

Royal Mail is shifting its focus to capitalise on the growth of online retailing to compensate for the decline in the number of letters it handles. In its results for the year to 31st March, it highlighted plans to expand and automate its networks ...

A major privatisation is about to take place. One would think this would give the government something to crow about but strangely the opposite is true. The government plans to flog off the Royal Mail but it is not very keen to talk about it. That's ...

Britain's state-run postal service Royal Mail announced a surge in annual net profits on Tuesday, thanks to increasing popularity of online shopping, and as the company readies for privatisation. The group's performance was also lifted by deep ...

Royal Mail unveiled a big jump in profits to £440m as it took another step towards a possible stock market flotation later this year. The results for the year to March 31 were more than double the 152m in profits made in 2012 - when there was one ...

Royal Mail is hurtling towards a multi-billion pound stock market float after reporting soaring profits and revenues. The postal service made £9.3bn in sales last year, and pre-tax profits rose 61 per cent to £324m. Ministers want to offload the ...

Royal Mail delivered a 61pc surge in pre-tax profits in a set of annual results that chief executive Moya Greene said presents a cogent case to investors for a stockmarket listing. The state-owned delivery company said pre-tax profits jumped to ...

Royal Mail's annual profits have more than doubled, helped by strong growth in parcel deliveries as more people shop online. Speaking to the Today programme, Business Secretary Vince Cable said: "These are good results and lot of that is down to ...