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Royal Mail shares rise as government denies undervaluation

Shares in Royal Mail have risen again after the newly privatised company announced a half year pre-tax profit of £233m.

It means shares have gone up by two thirds in just six weeks.

But the Business Secretary, Vince Cable, has insisted again that the government did not undervalue Royal Mail.

Business Correspondent, Emma Simpson reports.

  • 27 Nov 2013
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