Investors chase shares higher despite likelihood of the company reporting a material loss
Thursday 10 Sep 2020 Author: Ian Conway
Shares in Royal Mail ( RMG ) leapt 22% to 213p on 8 September after the firm raised its guidance for annual turnover but warned that increased costs would still see it post a material loss for the year. It said a substantial shift from letters to parcels in the first five months of the current financial year due to e-commerce and online ordering had driven better than expected...