https://www.reuters.com/business/britai ... 022-05-19/
May 19 (Reuters) - Royal Mail (RMG.L) on Thursday identified 350 million pounds ($432.92 million) in cost savings this year to battle inflationary pressures and the slowing British economy after its 2021-22 profit slightly missed market expectations.
The postal company said market expectations for fiscal year 2022-2023 adjusted operating profit of 303 million pounds for its UK business could be met if it can agree a pay deal with its union in line with its current offer.
($1 = 0.8085 pounds)
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Royal Mail plans more cost cuts after profit miss
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rogersh
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