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Royal Mail Shares Tumble Amid Moya Greene Warning on 'Intense' Parcels Competition

Royal Mail shares fell by more than 7% after the recently privatised communications firm warned in its full-year financial results of intensifying competition. Higher profit was driven by rising revenues in Royal Mail's key parcels businesses in the UK and continental Europe. But Moya Greene, chief executive of Royal Mail, warned that the company is "facing a couple of headwinds". Greene added …

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