MARKET REPORT: Shares in Royal Mail plunge

Shares in Royal Mail plunged after a broker painted a bleak outlook for its future.  In a blow to the FTSE 250 postal group, JP Morgan lowered the stock’s rating to ‘neutral’ from ‘overweight’, and cut the target price to 270p from 360p.  ‘This reflects growing losses in the UK, …

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MARKET REPORT: Shares in Royal Mail plunge

MARKET REPORT: Shares in FTSE 250 postal group Royal Mail plunge after broker paints bleak outlook for future By John Abiona For The Daily Mail Published: 16:50 EDT, 16 September 2022 | Updated: 16:50 EDT, 16 September 2022 Shares in Royal Mail plunged after a broker painted a bleak outlook …

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European delivery rivals slump after FedEx profit warning

Shares of European delivery firms skidded Friday morning after a profit warning from FedEx. Royal Mail shares skidded 10% in London, while DHL owner Deutsche Post stock slid 7% in Frankfurt. FedEx blamed “macroeconomic weakness” in Asia and “service challenges” in Europe for a $500 million revenue shortfall in these …

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European delivery rivals slump after FedEx profit warning

Shares of European delivery firms skidded Friday morning after a profit warning from FedEx FDX, -21.64%. Royal Mail RMG, -8.08% shares skidded 10% in London, while DHL owner Deutsche Post DPW, -6.75% stock slid 7% in Frankfurt. FedEx blamed “macroeconomic weakness” in Asia and “service challenges” in Europe for a …

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