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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(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 …
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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% …
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