Moonpig hit as cash-strapped shoppers opt for cheaper gifts

Online card retailer expects revenues of 320m rather than 350m as Royal Mail strikes also have effect

The personalised card retailer Moonpig has warned sales will be lower than expected this year as cash-strapped shoppers shifted to lower-priced gifts and Royal Mail postal strikes hit its business.

The British firm said trading conditions had become progressively more challenging in October and November because of macroeconomic uncertainty" and the run of industrial action by postal workers.