first_img whatsapp Tuesday 2 November 2010 9:47 pm Show Comments ▼ More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUpbeat NewsThese 25 Celebrities Ruined Their Career in a Matter of MinutesUpbeat NewsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldMoney VersedWoman Shares The 5 Words She Said That Left Her Boyfriend In AweMoney VersedZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Share Royal Mail reports fall in profits center_img whatsapp PROFITS at state-owned postal service Royal Mail tumbled in the first half, highlighting the mammoth task the government will face in finding a trade buyer or completing a flotation.In the six months to the end of September, operating profit plunged by 72 per cent to £52m, against £184m a year earlier,as falling mail volumes, stiff competition, and the inexorable rise of electronic communication took their toll. Revenues tumbled from £4.6bn to £4.4bn.Vince Cable, the business secretary, recently unveiled plans to privatise 90 per cent of Royal Mail, either through a flotation or trade sale. Trova Consulting, an advisory firm commissioned to value to postal service, said it could be worth as little as £700m. Possible trade buyers include dutch rival TNT and Deutsche Post. KCS-content Tags: NULLlast_img