Royal Mail: A 4bn sell-off waiting to be delivered

[the deliverer]

Independent today:

Royal Mail: A £4bn sell-off waiting to be delivered
Better figures bring the biggest privatisation since the railways a step closer

It's been lost in the post for a while, but Royal Mail's £4bn privatisation project finally looks like an imminent delivery. Yesterday the group dispatched first-class half-year results to the Government's doorstep: hitting Britons with stamp price hikes of up to 40 per cent helped Royal Mail to post a 12 per cent jump in half-year, pre-tax profit to £115m. That was despite an ongoing decline in the number of letters in the average postman's daily sack, which fell 9 per cent to 6.8 billion in the six months to 23 September. The service instead cashed in on its May increase in stamp prices, when the cost of a first-class stamp rose from 46p to 60p. And the company which delivers Amazon's goods continued to benefit from surging online shopping: revenues at its parcel businesses grew 4.6 per cent to £2bn. (More here)

Looks like all that coming in early and RM not paying the overtime has turned the business round - well done chaps!!!