Stocks subdued, euro rises again, Nikola spins-out

Trading has been subdued in Europe as there has been an absence of major news.  Europe In the past week, traders in this part of the world took their cues from the US, in particular the tech sector, and seeing as that has calmed down, things have cooled-off here too. …

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Searches conclude at Royal Mail sites

Posted at 18:08 on 11th September 2020 in Events Searches at two Royal Mail sites have concluded with no items of concern found. We received a call at 2.17am this morning (Friday, 11 September) about a possible suspicious package at the Filton sorting office. Officers attended and after speaking with …

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MARKET REPORT: Royal Mail rally delights shareholders

MARKET REPORT: Royal Mail rally is a rare delight for beleagured shareholders in the troubled postal service By Hugo Duncan for the Daily Mail Published: 21:52, 11 September 2020 | Updated: 22:19, 11 September 2020 It has been a torrid time for Royal Mail shareholders since the stock peaked at …

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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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