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Royal Mail (LON:RMG) Cut to Hold at HSBC

Royal Mail (LON:RMG) was downgraded by research analysts at HSBC to a “hold” rating in a report released on Friday, June 7th, ThisIsMoney.Co.Uk reports. They presently have a GBX 216 ($2.82) price target on the stock, down from their previous price target of GBX 300 ($3.92). HSBC’s price objective would …

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Labour play down BT renationalisation rumour

Labour played down rumours yesterday it was looking to renationalise BT in a move that would cost around £30 billion. It was reported that advisers to Labour leader Jeremy Corbyn were considering a plan drawn up by the Communications Workers’ Union to bring the company back into public ownership. Labour’s …

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