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A rather grey day over in Amsterdam, where TNT has seen its share price sink following its announcement of a fourth quarter loss, and a fourth consecutive annual net loss. The company warned that although it was expecting an operating profit in 2015, it would still be a “challenging year of transition”. Its €137m 4Q loss was mostly as a result of restructuring charges as it tries to get its business back on track. TNT said that from 2016, however, things would be looking better.

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