Consumer confidence in the US worsened again as short-term inflation expectations hit their highest level in nearly half a century, the results of a closely followed survey revealed. The University of Michigan‘s consumer confidence index slipped from a reading of 57.0 at the end of March to 50.8. That missed …
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Mobile payments and messaging technology provider Fonix Mobile reported a strong full-year financial performance in a trading update on Monday. The AIM-traded company said it exceeded market expectations, with an 18.5% increase in gross profit to £17.9m, compared to £15.1m in the prior year. Adjusted EBITDA also saw an 18.1% …
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Barclays hiked its price target on Royal Mail to 640p from 550p on Thursday, citing expectations of growth in FY23. The bank said it expects “solid” Christmas trading, as indicated by the recent ‘Barclays UK Spend Trends’ discretionary retail spend signal. “UK domestic volumes continue to be supported by antigen …
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