Shares in parcels and logistics firm fall more than 15% in first hour of trading after group announces annual pretax profit will be half preceding figure
Shares in UK Mail tumbled on Friday after the parcels and logistics company issued a warning on annual profits.
The group said additional operating costs associated with its fresh automated hub in Ryton,near Coventry, meant that annual pretax profit before one-off items would be between £10m and £12m – half the preceding year’s figure.
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Source: theguardian.com