Royal Mail Shares: 'Difficult to be too Optimistic' After Unspectacular Christmas Trading Update

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Royal Mail shares were little moved in early trading after the firm posted so-so results in a trading update for the nine months to the end of December despite the annual Christmas rush to send presents and cards. Royal Mail's pan-European parcels business, GLS, saw LFL revenue rise 6% off the back of a 5% increase in volumes. The firm was privatised by the UK government in a controversial …

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