FirstGroup was in the red, having surged on Monday following a Sunday Telegraph report that its US operations have attracted interest from several major private equity firms. Housebuilder Vistry was weaker after it posted an 86% slump in first-half adjusted pre-tax profit as it was “significantly” by the Covid-19 lockdown …
Read More »Brand Moves for Tuesday September 8
In early March we began reporting daily on how brands were dealing with COVID-19. But it’s become clear that the current climate is one of near-perpetual disruption, so we decided to keep on telling the stories of inspiring brand leadership and strategy amid the latest crises in an anxious world. Our goal is …
Read More »Royal Mail lifts revenue target, sees loss on growing costs
The logo of Royal Mail is seen outside the Mount Pleasant Sorting Office as a delivery vehicle arrives, in London, Britain, June 25, 2020. REUTERS/John Sibley/Files (Reuters) – Royal Mail on Tuesday raised its revenue target for the current year, driven by a jump in online shopping parcel volumes, but …
Read More »BUSINESS LIVE: Royal Mail warns of a loss; JD Sports reports slump in profits
BUSINESS LIVE: Pound slips as EU trade deal wrangle resumes; Royal Mail warns of a loss; JD Sports reports slump in profits By This Is Money Published: 08:07, 8 September 2020 | Updated: 14:02, 8 September 2020 As Brexit negotiations recommence today, the FTSE is expected to continue rising. Investors …
Read More »Oxford Instruments records ‘modest’ order growth amid Covid-19
Technology products provider Oxford Instruments said on Tuesday that it had managed to record modest order growth during the first five months of trading despite the Covid-19 pandemic. Oxford Instruments said the coronavirus outbreak had continued to have an impact on trading, with cumulative revenues down 2% year-on-year. However, the …
Read More »European stocks partly reverse rally, awaiting Wall Street restart
EasyJet planes standing behind a car park at Stansted Airport on June 30, 2020 in Stansted, England. Dan Kitwood/Getty Images European stocks clung onto most of the previous day’s rally, as traders waited for Wall Street’s return after a three-day break. Up 1.7% while U.S. markets were shut for the …
Read More »Royal Mail shares pop, equity markets look to Wall Street, Fevertree, JD & more
Equity markets are attempting to stabilise after the tech-led sell-off at the end of last week, but the lack of direction from the US on Monday means we are waiting on the Wall Street cash equity open to get a true feel for sentiment. European bourses traded a little lower …
Read More »Royal Mail set for loss despite parcels booming in Covid crisis | Business
Royal Mail has reported a big boost to parcels during the Covid-19 pandemic, but has also run up extra costs of £160m, and said outdated working practices needed to change to return the company to profitability. A surge in online shopping has led to strong growth in parcel volumes for …
Read More »FTSE 100 dragged into the red by housebuilders
It’s not been a good month for the housebuilders so far with Barratt, Persimmon and Taylor Wimpey getting a slap on the wrist last week from the CMA for alleged “fleeceholding” practices. FTSE 100 index slides 29 points dives as revenues retreat DS Smith wanted after it signals resumption …
Read More »Brexit tensions weigh on Europe, tech stocks slide
* UK ramps up no-deal preparations as EU trade talks stall * German exports rise in July but remain below pre-crisis levels * Technology leads sectoral declines, defensives rise * French electricity giant EDF sinks as output falls Sept 8 (Reuters) – European shares fell on Tuesday on fears that …
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