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Royal Mail

UK’s Royal Mail sees smaller loss for fiscal 2023 on cost cuts
Byadmin January 26, 2023

[ad_1] The 507-year-old Royal Mail, which was privatised in 2013, is in the middle of a crisis after losing millions of pounds due to staff strikes in a long-running row over pay and conditions. The company now expects an adjusted operating loss near the mid-point of its previous forecast range of 350 million-450 million pounds…

Read More UK’s Royal Mail sees smaller loss for fiscal 2023 on cost cuts
Royal Mail

JPMorgan puts Royal Mail on ‘Negative Catalyst Watch’, shares slump
Byadmin January 14, 2022

[ad_1] Royal Mail slumped on Friday after JPMorgan Cazenove placed the shares on ‘Negative Catalyst Watch’ ahead of the company’s next update on 10 February. “While we don’t expect a disappointment on revenue, this will be supported by Covid testing and so will reverse over time,” JPM said. “We also believe there have been various…

Read More JPMorgan puts Royal Mail on ‘Negative Catalyst Watch’, shares slump