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Royal Mail PLC said Tuesday that it will pay a one-off final dividend of 10 pence (14 U.S. cents) a share in respect of fiscal 2021, and that trading has been broadly in line since its March 10 update. The U.K. postal company said that for the year to March, …

–Royal Mail PLC will name nonexecutive director Simon Thompson as its next chief executive, Sky News reports, citing unnamed sources. –Mr. Thompson has previously worked for companies including Apple Inc., Honda Motor Co., Lastminute.com NV and Wm. Morrison Supermarkets PLC. Full story: https://bit.ly/39hTRJf Source link

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 …

EasyJet planes standing behind a car park at Stansted Airport on June 30, 2020 in Stansted, United Kingdom. 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 …

Companies worldwide have been in lockdown for the past four months, leaving banks of desks empty while staff work remotely. But one area has seen a flurry of activity: The corner office. This year has seen a spate of changes in boardrooms worldwide, as companies come under pressure from investors …

British shopping mall operator Hammerson was the most shorted U.K.-listed company in July, with 13.9% of its stock held short by nine investment firms. Hedge fund Caxton Europe held the largest short position with 4.33% of Hammerson’s shares, as of July 15, according to new research from exchange-traded fund provider …

British shopping mall operator Hammerson was the most shorted U.K.-listed company in July, with 13.9% of its stock held short by nine investment firms. Hedge fund Caxton Europe held the largest short position with 4.33% of Hammerson’s shares, as of July 15, according to new research from exchange-traded fund provider …

Royal Mail shares stumbled on Thursday, as the postal delivery firm outlined its new restructuring plan that could cost 2,000 jobs. Royal Mail shares RMG, -12.23% dropped 10% as the company said it expects to be loss-making this year and not to pay a dividend. The job cut plan by …

The number of “short positions” taken by hedge funds against U.K. stocks has surged by 25% in the first five months of the year, as prominent U.K.-listed companies continue to be targeted in the aftermath of market turbulence generated by COVID-19. There were 1,569 short positions of at least 1% …