Nickyl Raithatha, chief execitive of Moonpig photographed at their head offices in Central London, UK/ Photo: PA/Alamy Moonpig (MOON.L) shares fell sharply on Wednesday, down as much as 18%, after it cut its sales forecast for the year thanks to Royal Mail postal strikes and a cost of living crisis …
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Royal Mail is using a gig economy delivery app which claims to put “riders first” to try and break the post workers’ strike. Eight-hour shifts, to be completed in a Royal Mail vehicle, have been advertised on Ryde, a “last-mile” delivery business backed by venture capitalists. The in-app shift description …
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Moonpig’s share price fell 15 per cent after the company lowered its annual revenue guidance, blaming it on disruption from Royal Mail strikes and consumers opting for cheaper gifts. The online greeting card and gift seller now expects revenue of £320mn this year, down from previous estimates of £350mn. The …
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solarseven / Deposit Photos Moonpig’s half year results broadly in-line with expectations with revenue of £143m and cash profits of £34.6m Trading conditions have become much more challenging according to the group, as cost-of-living crisis and Royal Mail Strikes weigh Outlook now worse than expected for full year Moonpig’s Earnings …
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Several people have complained about an error message on the Amazon website today. They said the online retailer doesn’t allow them to buy the items they selected in their basket Amazon’s website has crashed, users have said ( Image: NurPhoto via Getty Images) Amazon’s website crashed today, with several shoppers …
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New updates are being added at the bottom of this story……. Original story (published on November 10, 2022) follows: Royal Mail is a postal service company that operates throughout the United Kingdom. It is one of the most traditional and long-lived British companies, existing since 1516. Just in case you’re …
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People are buying cheaper gifts for loved ones amid a cost-of-living crunch, Moonpig said today, as the British greeting cards and gift retailer cut its annual revenue forecast. This sent its shares as much as 19% lower in London trade today. Soaring inflation, driven by the rising costs of everything …
Read More »Moonpig has cut its sales forecast for the year after being hit by Royal Mail postal strikes and pressure on consumers. The greeting card and gifts business told shareholders “conditions have become progressively more challenging through October and November” due to the economic backdrop and industrial action. It said the …
Read More »MP for Westmorland and Lonsdale Tim Farron is calling on Royal Mail bosses to pay postal workers overtime or risk cards and presents being left undelivered this Christmas. It comes as regulator Ofcom ended an investigation into Royal Mail’s performance and found that the company had failed to hit some …
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Moonpig shares plunge after greeting cards group slashes revenue guidance as Royal Mail strikes hamper deliveries Moonpig now expects to post around £320m in revenue this financial year Further strikes by Royal Mail employees are expected on six days in December Hargreaves Lansdown analyst: ‘Ultimately, the market is nervous about …
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