A FedEx worker makes a delivery on Sept. 16, in Miami Beach, Fla.Joe Raedle/Getty Images After FedEx Corp. FDX-N reported weak preliminary financial results and warned of a recession, the stock market shuddered, highlighting the importance many investors attribute to the global delivery giant. FedEx’s share price fell 21.4 per …
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FTSE 100 down 16 points, sterling hits 37 year low, Royal Mail hit by FedEx warning opens lower after weak UK retail sales, pound falls to 37 year low World Bank warns higher rates could cause global recession Royal Mail hit by FedEx warning Royal Mail PLC (LSE:RMG) dipped today …
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FedEx said in a statement on Thursday that it expected to report that its profit shrank in the latest quarter, a decrease the shipping giant attributed to a broader slowdown of the global economy, sending the company’s stock price sharply lower. In a preliminary financial statement for the quarter, which …
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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. …
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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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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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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 …
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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 …
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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 …
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