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Tag Archives: Category:All

TBC Bank deputy CEO, CFO Shagidze to leave

TBC Bank said on Tuesday that deputy chief executive officer and chief financial officer Giorgi Shagidze plans to leave at the end of the year “to explore other opportunities in a different field and/or geography”. The bank, which will begin a search for a replacement, said Shagidze will stay on …

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FTSE 250 movers: AO World loses ground; IMI in the black

AO World was under pressure after saying it experienced strong demand during the Covid-19 crisis but was cautious about the outlook as it reported a smaller annual loss. The online household appliance retailer’s operating loss for the year to the end of March narrowed to £3.8m from £13m as total …

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Liberum reiterates ‘sell’ rating on Royal Mail

Analysts at Liberum slightly raised their target price on ‘sell’ rated postal service Royal Mail Group on Monday, stating that risks to its UK operations outweighed resilience in its European arm, General Logistics Systems (GLS). Liberum said the outlook for Royal Mail’s UK parcels, international and letters (UKPIL) unit was …

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Royal Mail fined £1.5m for missing delivery target

Royal Mail has been fined £1.5m by its regulator for missing delivery targets for first-class post and £100,000 because it overcharged for second-class stamps. The letters and parcels company is required to deliver at least 93% of first-class post across the UK within one working day of collection but in …

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Liberum hikes target price on DX

Analysts at Liberum hiked their target price on British logistics outfit DX from 14.0p to 30.0p on Wednesday, stating the group had executed “a remarkable turnaround”. Liberum said since DX’s current management team arrived on the scene back in October 2017, the group had been refinanced and rescued as its …

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FTSE 250 movers: Energean surges; Carnival sinks

London’s FTSE 250 was 0.6% higher at 17,221.83 in afternoon trade on Monday. Energean surged to the top of the index after saying it had agreed to exclude Edison E&P’s Norwegian subsidiary from its takeover deal, and cut capital expenditure guidance as oil companies wrestle with a slump in prices …

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Director dealings: Talktalk CEO makes share purchase

Talktalk revealed on Tuesday that chief executive Tristia Harrison had acquired 223,045 ordinary shares in the FTSE 250-listed telecommunications firm. Harrison, who joined Talktalk back in 2010, purchased the shares at an average price of 89.0p, for a total value of £198.510.05. Last week, TalkTalk pulled guidance and set aside …

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