Postal service Royal Mail said on Wednesday that revenues had sunk 11.5% year-on-year during the first quarter of its trading year, reflecting weakening retail trends, lower test kit volumes, and a return to a structural decline in letters. Royal Mail stated it had delivered an adjusted operating loss of £92.0m …
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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 …
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Royal Caribbean CEO Richard Fain delivers a speech at a shipyard in western France, on March 23, 2018.LOIC VENANCE/AFP/Getty Images Royal Caribbean Group’s Chief Executive Officer, Richard Fain, is stepping down after more than three decades with the U.S. cruise operator that is still recovering from the slump caused by …
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