London’s FTSE 250 was up 0.5% at 20,633.81 in afternoon trade on Tuesday. Softcat surged to the top of the index after saying that trading has remained positive since its first-quarter statement in mid-November and the company is ahead of where it expected to be. In an update ahead of …
Read More »Royal Mail to focus on pandemic-driven parcel growth as union dispute ends
Royal Mail and the Communication Workers Union (CWU) had been locked in a dispute over a 1.8 billion pound ($2.42 billion) restructuring plan, proposed by its former chief executive officer, Rico Back. The resistance led to Back resigning in May. “This agreement marks the end of our two year dispute …
Read More »Royal legal war heats up: Prince Harry sues Mail on Sunday for defamation
Lifestyle 9 Dec, 2020 01:03 AM3 minutes to read The lawsuit marks the sixth defamation case launched on behalf of the couple, who are ramping up their relentless pursuit against UK tabloids. Photo / Getty Images Prince Harry is suing the Mail on Sunday as he and wife Meghan Markle …
Read More »Broker tips: AA, Royal Mail, United Utilities
Jefferies upped its rating on AA shares to ‘hold’ from ‘underperform’ on Tuesday as it hiked its price target to 35.0p from 5.0p based on the 35.0p a share cash offer from a consortium of TowerBrook Capital Partners and Warburg Pincus. Still, Jefferies said the deal isn’t done and risk-reward …
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 »Broker tips: Whitbread, Royal Mail, Grafton
Barclays upgraded Premier Inn owner Whitbread to ‘overweight’ from ‘equal-weight’ on Friday, lifting the price target to 3,350.0p from 2,500.0p, arguing that it’s one of the most attractive recovery plays in the sector following this week’s vaccine news. The bank said it now has a greater level of confidence that …
Read More »Broker tips: Royal Mail, Chemring
Royal Mail surged on Wednesday as JPMorgan Cazenove upgraded the stock to ‘overweight’ from ‘neutral’ and lifted the price target to 374.0p from 253.0p, saying it sees a potential strong improvement in trading over the next 18 months, due in part to an improved revenue outlook. “In our view, this …
Read More »Royal Mail surges on JPMorgan upgrade to ‘overweight’
Royal Mail surged on Wednesday as JPMorgan Cazenove upgraded the stock to ‘overweight’ from ‘neutral’ and lifted the price target to 374p from 253p, saying it sees a potential strong improvement in trading over the next 18 months, due in part to an improved revenue outlook. “In our view, this …
Read More »Royal Mail to hire 10,000 more temporary Christmas
Whitehead & Aldrich News: Due to a rise in online shopping, Royal Mail is aiming to hire 33,000 additional workers for the Christmas pe… https://t.co/61s1EzdYvv 2 hours ago Drapers .@RoyalMail is hiring thousands more Christmas workers in anticipation of a bumper online peak season. #ecommerce… https://t.co/wVB8VkU85o 2 hours ago isabelle tracy RT @thesundaytimes: Royal Mail …
Read More »Wednesday newspaper round-up: Royal Mail, Poundstretcher, UK airports
Royal Mail postal workers will for the first time collect parcels on the doorstep, in one of the biggest changes to the service as it adapts to the decline in letters and rapid growth in online shopping. From Wednesday customers across the UK will be able to pay a fee …
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