Credit Suisse downgraded Royal Mail on Thursday to ‘underperform’ from ‘neutral’ and cut the price target to 345p from 558.11p, citing 10% potential downside. The bank pointed to downside risk to consensus parcel volume expectations of +3% in 2022-23 as it believes only a partial normalisation of online shopping habits …
Read More »Stock Futures Edge Down Ahead of Powell’s Comments
U.S. stock futures edged lower Tuesday as investors awaited Federal Reserve Chairman Jerome Powell’s testimony in Congress on the health of the economy. Futures tied to the S&P 500 ticked down 0.1%. The benchmark stocks gauge on Monday fell for a fifth consecutive day, its longest losing streak since last …
Read More »WSJ Wealth Adviser Briefing: Stocks Get Vaccine Boost, Threats Facing Car Sales , New Year Travel Changes
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’ …
Read More »Credit Suisse upgrades Royal Mail, hikes price target
Credit Suisse upped Royal Mail to ‘neutral’ from ‘underperform’ on Friday, hiking the price target 261p from 94p as it said the UK outlook has been improved by pandemic-driven tailwinds. Following new analysis of short-term parcel trends and early indications of letter and parcel revenue baselines beyond the pandemic, the …
Read More »Investors are forcing companies to strengthen their top teams amid coronavirus uncertainty, leading to record boardroom change
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 …
Read More »Pound and U.K. stocks fall as Boris Johnson ramps up hard Brexit fears
The pound and U.K.-exposed stocks fell on Wednesday as renewed fears of a hard Brexit spooked investors. The FTSE 100 UKX, +0.21% made slight gains but the …
Read More »These Brexit Stocks Could Soar If Boris Johnson Wins U.K. Election
Text size Getty Images The U.K. election could give Boris Johnson the ammunition he needs to secure a Brexit deal, sending a basket of undervalued domestic stocks soaring. British politics remains unpredictable, as the last election and the 2016 European Union referendum demonstrate, but the opinion polls point towards a …
Read More »Cash spending falls behind credit card payments for the first time
Cash payments have dropped to third place behind debit and credit card spending in 2018 for the first time. The British Retail Consortium’s latest Payment Survey found that debit cards are still the most popular method of payment, accounting for almost three-in-five transactions. The use of cash payments has been …
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