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Royal Mail's surge in profits

Royal Mail have reported a significant surge in profits in its first set of results since its floatation on the London Stock Exchange. The Business Secretary Vince Cable will be quizzed by MPs today over the controversial privatisation of the company

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Royal Mail shares jump after results

Royal Mail shares rose by more than 4 per cent to 553p this morning after the publication of their results.

The value of shares has risen significantly since being valued at 330p in last month's initial public offer adding to concerns that the company was under-valued.

The group revealed operating profits nearly doubled to £283 million for the six months to September 29.

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