Royal Mail’s share price has dropped five per cent: Analysts point to failing letter revenue and likely wage hikes – City A.M.
City A.M. |
Royal Mail's share price has dropped five per cent: Analysts point to failing letter revenue and likely wage hikes
City A.M. The bank said there are two factors behind its dim outlook on letter revenues: the first being that RBS, Santander (c.30% of UK current account market) and the UK government are acting to cut mail volumes, and the second being that "internet use is … Royal Mail under the cosh after Credit Suisse downgrade Credit Suisse slashes Royal Mail's price target with letters in terminal decline Royal Mail loses appeal to over-65s and investors |
More: continued here