Cantor Fitzgerald says valuation is no longer compelling after spectacular rise Royal Mail has, obviously, had a stellar run since its flotation at 330p in October. It hit a peak of 607p – prompting much talk of the government selling it off too cheaply – but could it now be time to sell? That is the view of analyst Robin Byde at Cantor Fitzgerald, who has begun coverage of the group with a sell …
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Royal Mail Posts 30% Fall In Six-Month ProfitsSky NewsRoyal Mail's first-half profits have fallen 30% to £116m – hit by redundancy costs and falling revenues. It blamed higher transformation costs – saying profits would have been flat but for a £94m hit over the six months to 27 September as it continued … More: continued…
[ad_1] The late Queen Elizabeth II was ‘not at all content’ on Prince Harry and Meghan Markle’s wedding day, it was claimed this week. Lady Elizabeth Anson, a great-niece of the Queen Mother and a goddaughter of King George VI, was Her Majesty’s party-planner and confidant for many years. Now, her words have been reported…
[ad_1] Royal fans claim Queen Mary of Denmark has been playing favourites with her children after allowing her youngest daughter, Princess Josephine, to attend the royal hunt as her special guest. The 13-year-old princess’ appearance at the hunt came days after she was spotted on an Australian beach alongside her glamorous 52-year-old mum. Her twin…
Prolific North Manchester's True North designs Royal Mail's Christmas stampsProlific NorthThere is no Christian imagery among the designs, as the theme for Royal Mail's main stamp issue alternates annually between secular and religious designs. True North, whose clients include the Wellcome Collection, Sport England and the Science Museum … More: continued here
[ad_1] State pensioners are in line for an automatic £150 boost to their bank accounts. The Warm Home Discount, a scheme first launched by the Government in April 2011, is aimed at helping eligible customers across England, Scotland and Wales with their winter energy bills. The initiative is designed to provide support for those living…
The Government could have achieved better value for the taxpayer through its controversial privatisation of Royal Mail, according to a new report which revealed that most investors given priority to buy shares, sold them shortly after making a profit. More: continued here