UK Mail shares plunge after troubled move to new automated plant

UK Mail saw its shares plunge by more than 17.5pc after the company issued a fresh profit warning as its parcel delivery service struggles with a move to a new fully automatic processing facility.

The independent postal services provider said the difficult transition to a new head office and hub from Birmingham to Coventry meant expectations for next year’s financial performance had “softened slightly”.

Source: UK Mail shares plunge after troubled move to new automated plant – Telegraph