In London the FTSE 100 tumbled more than 2%, off 163 points at 7106 as unease gripped the City. At one point, just three shares in the main index were showing gains – Royal Mail, Ocado and Polymetal – a precious metal business favoured by gold speculators. The biggest fallers …
Read More »Britain’s Hut Group sees stronger 2021 as beauty products lift fourth quarter
The Hut Group had earlier predicted a 20% to 25% surge in its medium-term revenue before announcing last month that it would buy Dermstore, an online retailer owned by Target Corp, for $350 million to bolster the presence of its beauty brands in the U.S. market. The British retailer said …
Read More »Royal Mail share price surges on hopes it could win £550 million contract to deliver Covid tests
R oyal Mail’s share price surged nearly 8% today amid heavy trading volumes after reports said it was in a battle with Amazon to win a contract to deliver hundreds of thousands of coronavirus home testing kits. The company’s shares have been increasingly in investors’ sights as analysts bet record …
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