TNT Express shareholders have passed a series of resolutions during an extraordinary general meeting, paving the way for FedEx to acquire the company. However, in a trading update released just ahead of the meeting, TNT cautioned its third quarter adjusted operating income will be “materially” lower than in the same period of last year. TNT said it has made progress with the roll-out of its three- to five-year “Outlook” turnaround strategy, posting underlying ...

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