Britain is in an official state of mourning after Queen Elizabeth II passed away last week. Huge crowds have gathered to catch a glimpse of the late monarch’s coffin, which was moved from Buckingham Palace to London’s Westminster Hall on Wednesday, where it will remain until her funeral on Monday. …
Read More »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 …
Read More »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 …
Read More »European shares slide as recession fears grip global markets
Register now for FREE unlimited access to Reuters.com Register IMF, World Bank expect global slowdown STOXX 600 set to fall 2.4% for the week Logistics firms dragged by FedEx warning Sept 16 (Reuters) – European shares slid 1.2% on Friday as recession warnings from two major global financial institutions and …
Read More »FedEx withdraws guidance, takes Royal Mail down with it
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Read More »How the Queen’s death affects stamps, coins and post boxes
After more than 70 years on the throne, Queen Elizabeth’s regal profile has become ingrained in our everyday lives. We have become accustomed to seeing her name, face and coat of arms on objects from loose change to post boxes. These aspects of public life and plenty more besides will …
Read More »Is there post on Monday? How Royal Mail services are affected by the bank holiday for the Queen’s funeral
Monday will be a bank holiday across the UK for the Queen’s state funeral. Many major retailers have announced they are closing their doors for the entire day, while others will open for reduced hours. The day of the funeral will be more akin to Christmas Day than a normal …
Read More »Pound at 37-year low, retail sales drop, US stocks slip
(Evening Standard) The pound today dipped to a fresh 37-year low after retail sales volumes fell by more than expected in August. The 1.6% month-on-month decline reported by the Office for National Statistics, which compared with City forecasts for a fall of 0.5%, was driven by a broad range of …
Read More »FedEx’s big profit warning hits Royal Mail shares – London Business News
Royal Mail shares were hit after the market became jittery about a profit warning by delivery giant FedEx. The US company, widely regarded as a bellwether for the global economy, withdrew full-year results guidance after reporting weaker-than-expected volumes internationally as well as in its home market. FedEx shares slumped 16% …
Read More »FedEx plummets as forecast withdrawal fans slowdown fears
Shares of FedEx slumped in premarket trading on Friday as the global delivery heavyweight’s forecast withdrawal sounded alarm about softening consumer demand and hammered equities in the sector worldwide. The U.S. firm joined major global logistics peers including Hong Kong’s Cathay Pacific Airways and France-based transporter CMA CGM in signaling …
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