Royal Mail shares tumble to record low, deepening losses to £1.3 billion
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(Reuters) - Shares of Royal Mail deepened its slump on Tuesday, hitting a record low, a day after the 500-year-old postal service warned annual profit would be far lower than expected, hurt by eroding logistics business margins and weaker letter volumes.Shares of the company, founded under Henry VIII, sank 8 percent to a record low of 360.1 pence on Tuesday. The FTSE 100 stock has shed 1.3 billion pounds over two sessions, as it plunged 18 percent on Monday after the surprise warning."We have..