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Royal Mail Share Price Falls After Warning Of Lower Revenues

Royal Mail shares have fallen to their lowest level since their controversial privatisation last autumn after the group warned that aggressive competition meant parcels revenue for the full year would be lower than expected. The stock, which has been steadily declining since a peak of more than £6 in February, dropped by as much as 4% to 445.1p in the wake of the group's first-quarter trading …

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