Cheers ma’am! Platinum Jubilee boosts pub sales

TWO of Britain’s leading hospitality groups were given a lift by the Platinum Jubilee celebrations. The City Pub Group, which runs 42 pubs in southern England and Wales, hailed ‘particularly strong’ sales last week as the extended bank holiday pushed like-for-like trade up by more than 20pc against 2019. The …

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U.K. stocks extend negative streak for second day

U.K. stocks fell Wednesday, as the FTSE 100 Index UKX, -0.08% closed at 7,593.00. Of the FTSE 100 constituents, air freight company Royal Mail PLC RMG, -5.17% saw the largest decrease Wednesday, as shares shed 5.17% Shares of investment advisors firms Schroders PLC SDR, -3.23% abrdn PLC ABDN, -2.48% dropped …

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Royal Mail share price is hanging on a thread

The Royal Mail (LON: RMG) share price is nearing a key support level as demand for the stock wanes. The shares are trading at 300p, which is slightly above the year-to-date low of 292p. They have crashed by more than 47% from the highest point in 2021. Why has RMG …

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