Royal Mail shares drop 3%, the Times makes first profit in 13 years

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Royal Mail shares drop 3%, the Times makes first profit in 13 years
2nd December 2014

Royal Mail was the big faller on the FTSE 100 today, as shares were down 3 percent.

The news comes as its obligations in law to provide a universal price for its services across the country is costing the business while competitors capitalise on the chance to undercut prices. The government imposed universal postal service is costing the Royal Mail £7billion a year, and the markets have responded accordingly. 

Jamie also explains how the Times made their first profit in 13 years and why paywalls have won out in the end, despite being considered a risky move when they were first adopted. 

We also hear about the biggest insurance merger in recent times. 

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