Tag Archives: corporate

By Jaime Llinares Taboada Royal Mail PLC said Thursday that its adjusted operating profit for the first half ending Sept. 30 is expected to be between 395 million and 400 million pounds ($537.9 million-$544.7 million). The company said that both the adjusted operating profit and margin of its Royal Mail …

Mercer Global Advisors, a large nationwide RIA that has grown via dozens of acquisitions, announced another deal: the purchase of Kays Financial Advisory, an Atlanta-based wealth management firm. Founded in 1985 by Scott Kays, the 17-person firm serves about 700 clients. A Form ADV filed in early December lists Kays’ …

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 …

Getty Images The headquarters of pharmaceutical company GlaxoSmithKline GlaxoSmithKline shares lost ground on Thursday for a second day as brokers reacted cautiously to the U.K. pharmaceutical giant’s outlook. GlaxoSmithKline GSK, -2.58% …

Getty Images The headquarters of pharmaceutical company GlaxoSmithKline GlaxoSmithKline shares lost ground on Thursday for a second day as brokers reacted cautiously to the U.K. pharmaceutical giant’s outlook. GlaxoSmithKline GSK, -2.58% …

Shares of Royal Mail RMG, -8.34% dropped 8.4% as the company lowered its outlook for letter volumes in the next fiscal year by 1 percentage point to … Source link

A review commissioned by the U.K. government is proposing far-reaching changes to the country’s audit sector amid concerns about conflicts of interest, the quality of audits and the structure of the industry. The 135-page report by Donald Brydon —the former chairman of various British companies including London Stock Exchange Group …