Royal Mail Shares Dip as Finances Hit by Falling Parcels Revenue

Royal Mail shares tumbled in early London trading on 22 July after it said increasing competition in the UK parcels market means it may not hit its full-year financial targets. In an interim statement, Royal Mail said its group revenues were up 2% but that its UK parcels revenues had dipped by 1%. The communications firm, which was privatised in October 2014 in a controversial sell off by the UK …

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