Competition fears triggered a big fall in Royal Mail shares today as the delivery firm failed to benefit from a sharp rise in annual operating profits.
Royal Mail shares were 5% lower, off 31.75p to 543p, after chief executive Moya Greene highlighted intense competition in the parcels market and warned about the impact that delivery rivals such as TNT will have on the economics of the Universal Service unless Ofcom intervenes.
More top news
Nearly 1,000 properties have been left without power, and road users have been warned of potentially hazardous conditions.
It follows a surprise summit between South Korea's Moon Jae-in and the North's Kim Jong-un.
Organisers issued a warning about a “dangerous high strength or bad batch substance on site”.