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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 …

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 …

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 …

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 …

M oonpig 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 personalised card retailer Moonpig has lowered its revenue forecast for this year after Royal Mail postal strikes hit its business. The British firm said trading conditions had become progressively more challenging in October and November because of “macroeconomic uncertainty” and the run of industrial action by postal workers. In …

(Reuters) – British greeting card company Moonpig lowered its annual revenue forecast on Wednesday and reported lower first-half profit as its orders in September and October was hit by postal strikes at Royal Mail. Workers across Britain, including more than 115,000 Royal Mail postal workers, have taken strike actions and …

The British company now expects revenue for the year ending April 30 to be around 320 million pounds ($388 million), down from its previous forecast of 350 million pounds. ($1 = 0.8253 pounds) (Reporting by Amna Karimi in Bengaluru; Editing by Savio D’Souza) Source link

Dec 7 (Reuters) – British greeting card company Moonpig (MOONM.L) lowered its annual revenue forecast on Wednesday and reported lower first-half profit as its orders in September and October was hit by postal strikes at Royal Mail. Workers across Britain, including more than 115,000 Royal Mail postal workers, have taken …

© Reuters. (Reuters) – British greeting card company Moonpig lowered its annual revenue forecast on Wednesday and reported lower first-half profit as its orders in September and October was hit by postal strikes at Royal Mail (LON:). Workers across Britain, including more than 115,000 Royal Mail postal workers, have taken …