Royal Mail rallies after JPMorgan upgrade

Royal Mail shares rallied on Friday after JPMorgan Cazenove upgraded its rating to ‘neutral’ from ‘underweight’. It said that while the UK turnaround is far from certain, stronger short-run trading has at least bought some time, and should prevent a build-up of net debt. “The CWU negotiations appear to be …

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Liberum hikes target price on Team17

Analysts at Liberum raised their target price on video games developer Team17 from 500.0p to 750.0p on Friday, stating the firm was “moving up”. Liberum said Team17 had, unsurprisingly, enjoyed some “very strong” first-half trading, which drove major upgrades to its earnings forecasts and target price. “We had already expected …

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Appeal lodged over Hoole bridge ad screens plan refusal

AN appeal has been lodged against the decision not to grant permission for a pair of giant LED advertising screens facing motorists travelling in both directions on Chester’s Hoole bridge. The screens, which would feature static illuminated advertising changing every ten seconds, were earmarked for land at the Royal Mail …

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Bomb squad at Royal Mail: Latest update from police

No items of concern were found by officers after a bomb squad was sent to Bristol and Bath Royal Mail depots. Specialist officers, police dogs and an army bomb disposal unit searched the offices over fears a suspicious package had been sent. Read More Related Articles Read More Related Articles …

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Broker tips: Rolls-Royce, Travis Perkins, Avast, Royal Mail

Analysts at Berenberg slashed their target price on aerospace and defence manufacturer Rolls-Royce from 890.0p to 270.0p on Friday but upped their rating on the firm from ‘hold’ to ‘buy’, stating nothing was priced in for a turnaround. Berenberg said the market appears to have given up on Rolls-Royce, with …

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Banks among the losers after growth slows | Business

Banks and financial stocks fell in morning trading after official data showed a slowdown in economic growth. Gross domestic product in the UK rose 6.6 per cent in July compared to the previous month. That was slower than the 8.7 per cent growth recorded in the previous month, according to …

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