Jan 19, 2017
FTSE falls as Royal Mail shares are hit
Shares in the company dropped 4.3% to 430.10p after it reported a fall in the number of letters delivered. Royal Mail added that this had been seen "In particular" in advertising and business letters. Royal Mail was the biggest faller in the FTSE 100, with the UK's benchmark share index down 15.08 points at 7,232.53 in early trade. In the FTSE 250, shares in Moneysupermarket.com jumped 9% after it said full-year results were set to beat expectations, with operating profits up 8%. Halfords was another company benefiting from an upbeat trading update. Its shares rose 7% after the car parts and bike retailer reported a "Strong sales performance" for the crucial Christmas period, with like-for-like sales up 5.9% during the three months to 15 January.
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