{"id":2762,"date":"2018-10-01T16:11:55","date_gmt":"2018-10-01T16:11:55","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/royal-mail-shares-plunge-on-profit-warning\/"},"modified":"2018-10-01T16:11:55","modified_gmt":"2018-10-01T16:11:55","slug":"royal-mail-shares-plunge-on-profit-warning","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/royal-mail-shares-plunge-on-profit-warning\/","title":{"rendered":"Royal Mail shares plunge on profit warning"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Royal Mal\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/176AC\/production\/_103661959_van.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Reuters<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Royal Mail shares have fallen almost 15% in late trading after warning on profits in an unscheduled update.<\/p>\n<p>The post and parcel firm said addressed letter volume had fallen by 7% in the first half of this financial year.<\/p>\n<p>Meanwhile, cost savings would be \u00a3100m this year, compared with its previous forecast of \u00a3230m.<\/p>\n<p>Royal Mail said adjusted operating profit before transformation costs would be between \u00a3500m and \u00a3550m, compared with \u00a3694m last year.<\/p>\n<p>Shares plunged 15% to 405p in late trading after the update was issued an hour before the London market closed.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-45712060\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Reuters Royal Mail shares have fallen almost 15% in late trading after warning on profits in an unscheduled update. The post and parcel firm said addressed letter volume had fallen by 7% in the first half of this financial year. Meanwhile, cost savings would be \u00a3100m this year, compared with its previous forecast &hellip; <\/p>\n","protected":false},"author":0,"featured_media":2763,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=2762"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2762\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/2763"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=2762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=2762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=2762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}