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Bet on Royal Mail, not Twitter

Royal Mail delivers to 29 million UK addresses; last year it generated £9 billion of revenues, of which £324 million remained as profit before tax; and it is likely to be valued at £3 billion in its privatisation share sale, indicating a price-earnings ratio modestly below ten. Twitter — the microblogging phenomenon beloved of self-admiring

Don’t blame the baby boomers – they had it tough too

Here’s a competition for you: ‘The most irritating discussion on Radio 4 in the past month.’ Answers in not more than 140 characters — but on a proper postcard, preferably written in fountain pen. My own choice was an edition of The Moral Maze that heaped abuse on ‘Baby Boomers’ (usually understood as those born

With one cunningly placed number, Boris may have killed HS2

‘Does anyone seriously doubt that this amazing scheme is actually going to go ahead?’ boomed Boris Johnson last week. ‘No is the answer!’ He was waxing rhetorical about the redevelopment of Battersea Power Station, the fourth such scheme since the landmark hulk’s turbines were switched off in 1975. The Malaysian consortium behind this £8 million

British banking would be poorer without a Co-operative challenge

When the Manchester-based Co-operative Bank was announced last July as the buyer of 632 Lloyds branches, tripling the size of its own network, I hailed the news as a step forward for  ‘banking biodiversity’. In February, George Osborne was still praising the deal, codenamed Project Verde, as one that would ‘shake up the established players’.