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The Week UK |
Royal Mail: why are shares surging after profits fall?
The Week UK Royal Mail shares surged to a three-month high this morning, rising by more than five per cent to 478p, despite its half-year profits falling sharply. In its interim results announcement this morning, its first as a fully private company since the … Royal Mail profits lower on flat sales Royal Mail profits hit by 'transformation costs' and competition Royal Mail profits fall as redundancy payouts increase costs |
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