Royal Mail falls to post-IPO low on fears over labour costs – Financial Times
Financial Times Royal Mail falls to post-IPO low on fears over labour costsFinancial TimesFears about trading and labour costs pushed Royal Mail to its lowest level since its privatisation. “Unsustainable earnings” mean Royal Mail“represents a value trap”, Credit Suisse told clients. Investors are too optimistic, both about pay inflation …Market report: Royal Mail shares slip…