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By Neil Maidment LONDON (Reuters) - Britain's Royal Mail said growing competition had cut its revenue expectations from parcel deliveries, leaving it reliant on tight cost control and its traditional letters business to hit full-year profit forecasts. Parcel deliveries account for about half of Royal Mail's turnover and its growth in an industry buoyed by online shopping is a key investment focus for shareholders in light of declining letter volumes. "The key challenge remains weakness in parcel pricing in the UK. In our view, the company faces a considerable volume and pricing challenge in parcels in the next 18 months," Cantor Fitzgerald analyst Robin Byde said, keeping a "sell" rating on Royal Mail shares.
JERUSALEM (AP) — An Israeli soldier is missing following a deadly battle in the Gaza Strip, a defense official said Tuesday as Israeli airstrikes pummeled a wide range of targets in the coastal strip and diplomatic efforts intensified to end more than two weeks of fighting that has killed at least 585 Palestinians and 29 Israelis.