News

Higher prices for parcels and loads of Christmas cards delivered helped Royal Mail boost revenues by 2 per cent in the past nine months, the recently privatised business reported today.

Anthony Hilton: We may have led the MCC a merry dance with this festive gathering

I have watched a fair amount of cricket at Lord’s over the years but, until Monday night, only once been in the pavilion and never even set foot in the Long Room, still less eaten there. The occasion was the Christmas celebration of the 30 Club, which is an invitation-only dining club whose core members are drawn from the top people in the media advertising and marketing.

The wheel thing: a postman and his trusty companion

Is this the end of the road for the postman?

The postman on his bike could become a thing of the past thanks to Royal Mail's plans to phase out deliveries on two wheels. No wonder posties are in a spin, says Jamie Merrill

Market Report: Royal Mail will be bought by a wide range of tracker funds

It is not what business secretary Vince Cable will want to hear: When Royal Mail gets the official sign-off today to enter the FTSE 100, calls that it was sold off too cheaply will re-emerge.

Royal Mail and union leaders reach deal averting Christmas strike

A proposed deal has been agreed between the Royal Mail and union leaders averting the risk of a Christmas strike.

Goldman Sachs faces more questions over valuation of Royal Mail

Goldman Sachs bankers on the Royal Mail privatisation will again be hauled in front of MPs after their colleagues valued the postal service at nearly twice the price at which it was floated.

Royal Mail shares rally as profits more than double in first results as private company

Shares of Royal Mail rallied in early trading after half-year profits more than doubled to £233 million, as the newly-privatised postal operator benefited from strong demand for online shopping.

It doesn’t take a £1m chief to make state fund CDC fly

The controversial government funded Commonwealth Development Corporation, which invests taxpayer’s money into businesses in poverty-stricken emerging markets, saw a surge in the value of its stakes in the past year.

Goldman Sachs priced the Royal Mail at £3.30-a-share when it floated last month

Revealed: Goldman Sachs clients' £12m Royal Mail coup

Goldman Sachs may have provided the Government with a “knockdown” valuation of the Royal Mail – losing the taxpayer more than £1bn when it was privatised last month, according to critics.

Stamp duty revenues jumped by 46 per cent to more than £1 billion as buyers capitalise on the government's housing scheme

Borrowing to fall to 'only' £105bn this year after Help to Buy boost

Side effect of property scheme is £400m gain in stamp duty this month

(Left to right) John Mayne, JP Morgan; Ben Storey, Citibank; James Robertson, UBS; Richard Cormack, Goldman Sachs; Gert Zonneveld, Panmure Gordon and James Agnew, Deutsche Bank at the Business Select Committee

The bankers making millions from the Royal Mail firesale

Goldman Sachs and UBS are among banks and investors who control vast numbers of the shares

Big, but not clever: MPs attack Royal Mail banks

Vince Cable rejected chance to raise float price in the days before undervalued launch

Royal Mail IPO adviser tells clients to 'sell' the stock ahead of MPs grilling

Swiss bank UBS says market is 'overestimating margin upside'

MPs summon corporate advisers to explain their valuations of Royal Mail

A group of the City’s best-known corporate advisers has been summoned to appear before a committee of MPs to discuss the price at which Royal Mail was floated on the London Stock Exchange last month.

James Moore: Royal Mail - to sell or not to sell?

The future looks rosy with a forecast dividend yield of six per cent

Career Services

Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Save the tiger: The animals bred for bones on China’s tiger farms

The animals bred for bones on China’s tiger farms

The big cats kept in captivity to perform for paying audiences and then, when dead, their bodies used to fortify wine
A former custard factory, a Midlands bog and a Leeds cemetery all included in top 50 hidden spots in the UK

A former custard factory, a Midlands bog and a Leeds cemetery

Introducing the top 50 hidden spots in Britain
Ebola epidemic: Plagued by fear

Ebola epidemic: Plagued by fear

How a disease that has claimed fewer than 2,000 victims in its history has earned a place in the darkest corner of the public's imagination
Chris Pratt: From 'Parks and Recreation' to 'Guardians of the Galaxy'

From 'Parks and Recreation' to 'Guardians of the Galaxy'

He was homeless in Hawaii when he got his big break. Now the comic actor Chris Pratt is Hollywood's new favourite action star
How live cinema screenings can boost arts audiences

How live cinema screenings can boost arts audiences

Broadcasting plays and exhibitions to cinemas is a sure-fire box office smash
Shipping container hotels: Pop-up hotels filling a niche

Pop-up hotels filling a niche

Spending the night in a shipping container doesn't sound appealing, but these mobile crash pads are popping up at the summer's biggest events
Native American headdresses are not fashion accessories

Feather dust-up

A Canadian festival has banned Native American headwear. Haven't we been here before?
Boris Johnson's war on diesel

Boris Johnson's war on diesel

11m cars here run on diesel. It's seen as a greener alternative to unleaded petrol. So why is London's mayor on a crusade against the black pump?
5 best waterproof cameras

Splash and flash: 5 best waterproof cameras

Don't let water stop you taking snaps with one of these machines that will take you from the sand to meters deep
Louis van Gaal interview: Manchester United manager discusses tactics and rebuilding after the David Moyes era

Louis van Gaal interview

Manchester United manager discusses tactics and rebuilding after the David Moyes era
Will Gore: The goodwill shown by fans towards Alastair Cook will evaporate rapidly if India win the series

Will Gore: Outside Edge

The goodwill shown by fans towards Alastair Cook will evaporate rapidly if India win the series
The children were playing in the street with toy guns. The air strikes were tragically real

The air strikes were tragically real

The children were playing in the street with toy guns
Boozy, ignorant, intolerant, but very polite – The British, as others see us

Britain as others see us

Boozy, ignorant, intolerant, but very polite
How did our legends really begin?

How did our legends really begin?

Applying the theory of evolution to the world's many mythologies
Watch out: Lambrusco is back on the menu

Lambrusco is back on the menu

Naff Seventies corner-shop staple is this year's Aperol Spritz