[ad_1] 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 the main ongoing concern,”…
[ad_1] 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 a much stronger H2…
[ad_1] 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 the current share price…
[ad_1] Its offer will be the biggest since Royal Mail's privatisation in 2013. The Hut, based in Manchester, owns the Lookfantastic beauty website and sports … [ad_2] Source link
[ad_1] The focus in financial markets in the middle of the week will shift back towards Asia, where official statistics for consumer and factory prices are due out. Brexit negotiations and the tech slump in the States won’t be far from investors’ minds however. Also in the US, the Department of Labor will release its…
[ad_1] European shares finished sharply lower amid continued heaving selling in tech stocks and more concerns about Britain’s belligerent stance on Brexit trade talks. The pan-European Stoxx 600 fell 1.15% alongside falls of 1.78% for the Ibex 35 and of 1.81% for the FTSE Mibtel. London’s FTSE 100 was down was 0.12% at 5,930.09, while…
[ad_1] FirstGroup was in the red, having surged on Monday following a Sunday Telegraph report that its US operations have attracted interest from several major private equity firms. Housebuilder Vistry was weaker after it posted an 86% slump in first-half adjusted pre-tax profit as it was “significantly” by the Covid-19 lockdown and site closures. Builders’…
[ad_1] Technology products provider Oxford Instruments said on Tuesday that it had managed to record modest order growth during the first five months of trading despite the Covid-19 pandemic. Oxford Instruments said the coronavirus outbreak had continued to have an impact on trading, with cumulative revenues down 2% year-on-year. However, the FTSE 250-listed firm said…
[ad_1] Wall Street futures were pointing to a mixed session ahead of the bell on Friday following the previous session’s tech bloodbath and ahead of the newest edition of the Labor Department‘s closely watched non-farm payrolls report. As of 1230 BST, Dow Jones futures were up 0.22%, while S&P 500 and Nasdaq-100 futures had the…
[ad_1] Dispute financing company Litigation Capital Management (LCM) has executed a portfolio finance agreement, it announced on Monday, to provide a “significant” finance facility to a subsidiary of a global building and infrastructure contractor, to fund a portfolio of its construction claims. The AIM-traded firm said the large corporate portfolio transaction involved an agreement to…