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Royal Mail Share Price Falls After Warning Of Lower Revenues

Royal Mail shares have fallen to their lowest level since their controversial privatisation last autumn after the group warned that aggressive competition meant parcels revenue for the full year would be lower than expected. The stock, which has been steadily declining since a peak of more than £6 in February, …

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Mail shares dive on parcels warning

Royal Mail shares have fallen to their lowest level since their controversial privatisation last autumn after the group warned that aggressive competition meant parcels revenue for the full year would be lower than expected. More: continued here

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Royal Mail parcel revenues hit as competition bites

By Neil Maidment LONDON (Reuters) – Britain's Royal Mail said growing competition had cut its revenue expectations from parcel deliveries, leaving it reliant on tight cost control and its traditional letters business to hit full-year profit forecasts. Parcel deliveries account for about half of Royal Mail's turnover and its growth …

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