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Bad news in the post hits Royal Mail – CITY A.M.

Bad news in the post hits Royal MailCITY A.M.SHARES in Royal Mail yesterday slipped below below 400p for the first time since its IPO last October. The shares bottomed out at 397.90p before closing on 400p, a fall of 3.47 per cent, after rival UK Mail issued a revenue warning …

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Royal Mail hits low after rival’s update – Financial Times

Evening Standard Royal Mail hits low after rival's updateFinancial TimesFacing criticism that last October's 330p privatisation of Royal Mail was underpriced, business secretary Mr Cable explained away a debut-day surge as “froth”. On Thursday, the stock hit a record low, having lost more than a third of its value since …

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