Royal Mail employees work at an Edinburgh mail centre in Edinburgh

Royal Mail sees profits more than double before privatisation

LONDON (Reuters) - Royal Mail said annual profit had more than doubled on the back of an online shopping boom, providing a timely boost ahead of a stock market listing expected later this year. An initial public offering (IPO) of the state-owned firm, which has 150,000 staff and sales of 9.15 billion pounds, is expected to value Royal Mail at between 2 and 3 billion pounds, and would be the bigges…

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