Watch live: Vince Cable and Michael Fallon quizzed by MPs on Royal Mail sell off

Watch live: Vince Cable and Michael Fallon quizzed by MPs on Royal Mail sell off

He will be accompanied by Business Minister Michael Fallon and William Rucker, chief executive of investment bank Lazards, which gave independent advice to the Government on the sale.

Royal Mail will reveal its first set of results as a listed company later, having returned to profit last year after four years of successive losses.

Analysts at UBS believe tough comparisons, pricing increases and a slowdown in e-commerce growth will have taken its toll on the group’s parcel arm in the half-year figures.

Despite this, they still expect Royal Mail to benefit from a strong Christmas and are pencilling in a further improvement in earnings over the full-year, albeit at a more modest rate after profits more than doubled in the year to March.

Source: PA

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