Royal Mail shares struck a two-year high after analysts at Liberum, the City stockbroker, took a less bearish view of the postal giant. Letter volumes have been falling for some time but the surge in parcel deliveries during the pandemic has helped Royal Mail. Although this hasn’t changed the “structural …
Read More »An Intrinsic Calculation For Royal Mail plc (LON:RMG) Suggests It’s 35% Undervalued
Does the December share price for Royal Mail plc (LON:RMG) reflect what it’s really worth? Today, we will estimate the stock’s intrinsic value by projecting its future cash flows and then discounting them to today’s value. The Discounted Cash Flow (DCF) model is the tool we will apply to do …
Read More »Demolition work set to start on Royal Mail site
WORKS on demolishing the former Royal Mail sorting office in Stretford is due to start in the next few weeks. The Council has selected Amey as the contractor to knock down the 6,400sq ft building on Lacy Street as part of a wide-ranging masterplan to redevelop Stretford town centre. The …
Read More »Lockdown gift box company snaps up second shed
A gift box company, which started in lockdown, has snapped up a second warehouse to aid expansion at the Northedge Business Park in Derby. Colleague Box started with one gift box to keep colleagues connected during lockdown and has grown rapidly – turning over one million pounds in just six …
Read More »Inspiration Healthcare PLC wins AIM Transaction of the Year award for 2020
Group PLC (), has received the award for AIM Transaction of the Year for its June acquisition of SLE Limited. SLE, which is a leader in the design and manufacture of ventilators and equipment for neonatal intensive care, cost £18mln funded through a placing and open offer. Neil Campbell, Inspiration’s …
Read More »Royal Mail raising price of first-class stamp to 85p | Business
Royal Mail is raising the price of a first-class stamp by an inflation-busting 9p to 85p. That means prices will have jumped by 21% since March. As a result, a first-class stamp will cost more than double what it did in 2010. The increase will take effect on 1 January, …
Read More »Broker tips: AA, Royal Mail, United Utilities
Jefferies upped its rating on AA shares to ‘hold’ from ‘underperform’ on Tuesday as it hiked its price target to 35.0p from 5.0p based on the 35.0p a share cash offer from a consortium of TowerBrook Capital Partners and Warburg Pincus. Still, Jefferies said the deal isn’t done and risk-reward …
Read More »London close: Stocks claw back losses to finish in the green
(Sharecast News) – London stocks closed in positive territory on Tuesday, with sentiment underpinned by vaccine hopes and solid UK and China manufacturing data.The FTSE 100 ended the session up 1.89% at 6,384.73, and the FTSE 250 was 2.63% firmer at 19,844.81. Sterling was in a mixed state, last rising …
Read More »Santa hopes festive limo rides will spread some Christmas joy
SANTA is swapping his sleigh for a limo this year in a bid to “save Christmas” for Renfrewshire families. Robert McKillop has run First Class Limousines for 15 years but the five-car firm is enjoying its biggest ever boom after deciding to offer tours of the area’s festive lights to fed-up …
Read More »Royal Mail in Aberdeen to trial hydrogen dual fuel van in drive for better air quality
A hydrogen dual fuel van is to be trialled by the Royal Mail in Aberdeen – as the city works towards achieving better air quality and more sustainable transport options. The trial period will help determine whether hydrogen is operationally suitable for the postal delivery service’s fleet. A specially converted …
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