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 …
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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 …
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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 …
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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 …
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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 …
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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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Royal Mail went under offer to sell the slice of its former depot in Nine Elms – known as Plot A – last July, when Quadrant secured the deal ahead of rival bids from the likes of MiddleCap, among other investors. The transaction is Royal Mail’s latest sale on the …
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Royal Mail shares rallied on Friday after JPMorgan Cazenove upgraded its rating to ‘neutral’ from ‘underweight’. It said that while the UK turnaround is far from certain, stronger short-run trading has at least bought some time, and should prevent a build-up of net debt. “The CWU negotiations appear to be …
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Analysts at Berenberg slashed their target price on aerospace and defence manufacturer Rolls-Royce from 890.0p to 270.0p on Friday but upped their rating on the firm from ‘hold’ to ‘buy’, stating nothing was priced in for a turnaround. Berenberg said the market appears to have given up on Rolls-Royce, with …
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FirstGroup was in the red, having surged on Monday following a Sunday Telegraph report that its US operations have attracted interest from several major private equity firms. Housebuilder Vistry was weaker after it posted an 86% slump in first-half adjusted pre-tax profit as it was “significantly” by the Covid-19 lockdown …
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