Stocks revive as energy and inflation fears ease

London markets bounced back as inflation fears and the energy crisis noticeably calmed. A steadying of oil and gas prices helped equities broadly, although meant energy stocks were among the weaker performers, and allayed worries that inflation would continue to soar and hammer profits. The FTSE 100’s rebound was particularly …

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UBS downgrades Royal Mail to ‘sell’, shares tumble

Royal Mail shares tumbled on Wednesday as UBS downgraded them to ‘sell’ from ‘buy’ and cut the price target to 440p from 590p. The bank said risks to opex were increasing, with potential pricing pressure in UK Parcel. UBS cut its FY22/23 EBIT estimates by 8%/15%, mainly driven by higher …

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Academy pupil stamps her mark on art contest

Miss E McCullough (Art Teacher), Mrs Olga Casey (Head of Art), Cadey-Lee Jess, Mr R S McLoughlin (Principal), Mrs P McKenzie (Art Teacher) They opened a design competition to schools and pupils across the UK to create a series of stamps dedicated to “Covid Heroes” and as a school, Banbridge …

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Blackwood pupil is finalist in Royal Mail stamp competition

A BLACKWOOD pupil is in the running to have her artwork featured in a special set of postal stamps. Royal Mail and iChild Limited have secured the Guinness World Record for the largest postage stamp design competition with 606,049 entries from 7,479 schools – in a competition celebrating the heroes of the …

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European stocks rise on AstraZeneca, ASM strength

European stocks rose on Wednesday after one of the worst market routs this year as AstraZeneca lifted healthcare stocks on a deal to buy a rare disease drugmaker, while chip equipment producer ASM gained on an upbeat earnings forecast. British drugmaker AstraZeneca jumped 4.2% after saying it will take …

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