European shares recovered from early morning drop to trade sharply higher, despite no clear outcome in the US presidential election as of yet and weak industry data across the euro zone suggesting a double dip recession. With the result of the White House vote still hanging in the balance and …
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Royal Mail surged on Wednesday as JPMorgan Cazenove upgraded the stock to ‘overweight’ from ‘neutral’ and lifted the price target to 374p from 253p, saying it sees a potential strong improvement in trading over the next 18 months, due in part to an improved revenue outlook. “In our view, this …
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Royal Mail postal workers will for the first time collect parcels on the doorstep, in one of the biggest changes to the service as it adapts to the decline in letters and rapid growth in online shopping. From Wednesday customers across the UK will be able to pay a fee …
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The American consumer grew a bit more confidence in October, the results of the most closely followed gauge for confidence across the country revealed. A preliminary reading for the University of Michigan‘s consumer confidence index in October improved to a reading of 81.2 after printing at 80.4 in September. Economists …
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Analysts at Berenberg upgraded their rating on hotel operator Whitbread from ‘hold’ to ‘buy’ on Friday, stating the current price of the stock left the group undervalued given its real estate portfolio. Berenberg said that following Whitbread’s recent weakness, it believes that the risk-reward balance on the company had shifted …
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The Governor of the Bank of England said risks to Britain’s economy were “very much on the downside” and that the BoE was ready to take aggressive action to limit the impact of a resurgence in coronavirus cases. “There is an unprecedented level of uncertainty at the moment. And the …
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Intellectual property investment company Tekcapital announced on Wednesday that its portfolio company Salarius has signed a distribution agreement with Gehring-Montgomery, a United States ingredient distributor, in a bid to expand business-to-business sales of ‘MicroSalt’ across the US. The AIM-traded firm described Gehring-Montgomery as a “leading distributor” of food and raw …
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Oil and gas exploration company Energean was the top gainer on the index after securing two new gas sale agreements for its flagship Karish project off Israel. Berenberg said: “This is a clear positive for Energean, which delivers on expectations firmly set at the interim results last week. It is …
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Sirius Real Estate revealed on Wednesday that chief executive Andrew Coombs had disposed of 719,166 ordinary shares in the FTSE 250-listed property company. Coombs, who joined Sirius in 2010, sold the shares on Tuesday at an average price of 74.99p each, for a total value of £539,281.01. Back in June, …
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Shares of security services firm G4S surged after privately-owned Canadian rival GardaWorld announced a hostile 190p per share possible offer valuing the company at £2.96bn. The offer price is 30% premium to Friday’s closing share price and an 86% premium to the price prior to its first approach in June. …
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