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FedEx slumps

26th September 1991
Page 14
Page 14, 26th September 1991 — FedEx slumps
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Which of the following most accurately describes the problem?

• Profits at Federal Express have dropped by more than half to 210.2m, compared with £25.5m last year. The European results were badly affected by the continuing restructuring of the unprofitable UK business.


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