Royal Mail shares sank to an all-time low on Thursday after the former British postal monopoly warned that its U.K. business could lose money next year as strikes bite.
Shares slumped 11% early in the trading session to hit a record low of 168.05 pence per share, almost half the 330 pence per share initial public offering price in October 2013.
CWU is preparing another ballot of members for industrial action and the threat of more strikes on the horizon.Paul Thomas | Bloomberg | Getty Imagesshares sank to an all-time low on Thursday after the former British postal monopoly warned that its U.K. business could lose money next year as strikes bite.
Shares slumped 11% early in the trading session to hit a record low of 168.05 pence per share, almost half the 330 pence per share initial public offering price in October 2013.
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