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Tag Archives: Category:All

Ofcom to probe Royal Mail over delivery target failures

Communications watchdog Ofcom has launched an investigation into postal service and courier company Royal Mail‘s failure to meet its delivery targets over the last twelve months. According to Ofcom rules, Royal Mail must deliver 93% of first class mail within one working day of collection and 98.5% of second class …

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FTSE 100 movers: Ocado bounces back; BT slumps

London’s FTSE 100 was up 0.6% at 7,570.51 in afternoon trade on Thursday. Ocado surged to the top of the index, having tumbled a day earlier after Ocado Retail – its 50:50 joint venture with Marks & Spencer – cut its annual sales target. Intermediate Capital was a high riser …

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Greencoat to acquire four French wind farms

Greencoat Renewables has agreed to acquire a 65MW portfolio of operating wind farms in France from Switzerland’s largest renewable energy generator Axpo, it announced on Tuesday. The AIM-traded firm said the acquisition comprised four wind farms, all of which benefited from long-term contracts with the French government. It said the …

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London open: FTSE falls after hawkish Fed comments

London stocks fell in early trade on Wednesday as investors mulled hawkish Fed comments and eyed the latest reading on the UK construction sector. At 0905 BST, the FTSE 100 was down 0.3% at 7,594.74. Overnight, Federal Reserve governor Lael Brainard said the US central bank could start reducing its …

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Chariot inks hydrogen import deal with Port of Rotterdam

Chariot has signed a memorandum of understanding with the Port of Rotterdam, it announced on Wednesday, as part of its planned green hydrogen project in Mauritania. The AIM-traded firm said the memorandum was a “first step” towards establishing supply chains to import green hydrogen and ammonia to meet expected demand …

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London open: Stocks rise on Ukraine peace talk hopes

London stocks rose in early trade on Tuesday amid hopes of progress in Russia-Ukraine peace talks. At 0910 BST, the FTSE 100 was up 0.7% at 7,526.55. Russ Mould, investment director at AJ Bell, said: “Having tripped over on Monday afternoon amid concern about China lockdowns and the conflict in …

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