Royal Mail has carried out enhanced cleaning at the Medway Mail Centre in Strood, after three staff members tested positive for coronavirus. Yesterday KentOnline received information from an anonymous source stating three people at the site had been confirmed as having the virus “within the last three days”, and that …
Read More »FTSE 250 movers: FirstGroup gives back some gains; Royal Mail rises
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 …
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