Royal Mail and Provident Financial DUMPED from the FTSE 100

Royal Mail and Provident Financial DUMPED from the FTSE 100
 

Fewer Britons sending letters and fewer firms using mail marketing, have hit the financial performance of the Royal Mail.
The British institution has been forced to rely instead on its parcel business for profits.
The privatised company has undergone huge cost-cutting in an effort to shore up its balance sheet - but performance has not been enough to stop its share price from falling.
Meanwhile, shares in Provident Financial has tumbled by a massive 70 per cent since June.
Profit warnings at the credit provider and the exit of the firm's chief executive have prompted investors to sell-off.... read more

 
31 August 2017 in Business, Views: 37
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