FTSE 100 higher but Royal Mail shares fall

FTSE 100 higher but Royal Mail shares fall
 

The UK market was trading higher in lunchtime trade, but shares in Royal Mail fell after its latest results.
Shortly before midday, the benchmark FTSE 100 share index was up 24.87 points at 6,774.59.
Royal Mail shares dropped 6% to 469.10p after it reported a dip in half-year profits and raised its target for cost savings.
The company saw revenues from letter deliveries fall, although parcel revenues increased.
Royal Mail said income from advertising mail had fallen because of uncertainty surrounding the UK's referendum on EU membership in June.
Shares in Barratt Developments rebounded 2%.... read more

 
17 November 2016 in Business, Views: 36
Source: BBC
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