Taxpayers 'lost £1bn' on Royal Mail sale, MPs say

Taxpayers may have lost out on about £1bn from the undervaluing of Royal Mail, a committee of MPs has said.

RBS pays out £588m in bonuses despite suffering £8.24bn loss

Royal Bank of Scotland has defended plans to pay £588m in staff bonuses despite suffering an £8.24bn loss in 2013 as it slumped into the red for the sixth successive year.

Royal Mail staff accept 'ground-breaking' pay deal

Postal workers have voted overwhelmingly to accept what their trade union called "a ground-breaking" pay deal. Previously the Communication Workers Union (CWU) had been threatening industrial action.

Labour attacks 'botched' privatisation of Royal Mail

Labour has accused the government of botching the privatisation of Royal Mail, saying taxpayers have been short-changed by hundreds of millions of pounds.

Qantas seeks foreign ownership rule change

Australian airline Qantas has backed a suggestion by Treasurer Joe Hockey that rules restricting foreign investment in the carrier should be changed.

Royal Mail Operating Profit Almost Doubles

LONDON — Royal Mail said rising parcel revenue and ongoing cost cuts helped the newly-privatised postal operator almost double its operating profit in the first half of the year.

Royal Mail shares: Vince Cable defends flotation price as shares hit 500p

Vince Cable has written to MPs to defend the pricing of the Royal Mail flotation as shares in the postal service closed above 500p at the end of their first full week of trading, representing a paper profit of 52% for investors.

Royal Mail shares begin full trading on stock market

Shares in Royal Mail have risen to 479.50p on the company's first day of full trading on the stock exchange.

Royal Mail: Just 368 staff chose not to accept free shares

Just 368 out of the Royal Mail's 150,000 staff have chosen not to accept free shares in the privatised company, the BBC has learned.