The FTSE 100 started the week with a bang after another Covid vaccine announcement gave shares a shot in the arm. Stock markets across the world rallied after US company Moderna said its potential coronavirus vaccine was nearly 95pc effective. On the London Stock Exchange many of the companies hit …
Read More »Royal Mail set to post a first-half loss of £65m with Covid-19 worsening a drop in letter volumes
Royal Mail set to post a first-half loss of £65m with the pandemic worsening a drop in letter volumes It comes despite a predicted 8% rise in revenues to £5.6bn Covid-19 has prompted a rise in parcel sending with more internet shopping The company taking on 33,000 temporary staff to …
Read More »MARKET REPORT: Astrazeneca is boosted by vaccine trial optimism
Investors were given another shot of good news from Astrazeneca on the eve of its third-quarter figures. A definitive result from in-depth trials of its potential Covid-19 vaccine could be available by the end of this year, says the trial’s chief investigator Andrew Pollard. His comments come days after Britain’s …
Read More »BUSINESS LIVE: HSBC earnings tumble; BP returns to profit
BUSINESS LIVE: FTSE 100 slips; HSBC earnings tumble; BP returns to profit; Revolution Bars launches CVA By This Is Money Published: 08:09, 27 October 2020 | Updated: 09:53, 27 October 2020 HSBC’s profits tumbled 35 per cent in the last quarter as the bank signalled it would embark on a …
Read More »Countrywide investors clash over estate agent’s planned rescue
Countrywide investors clash over estate agent’s planned rescue by private equity firm By Lucy White For The Daily Mail Published: 21:56, 22 October 2020 | Updated: 22:26, 22 October 2020 Britain’s biggest estate agency is at the centre of a furious row as shareholders clash over its future. Countrywide said …
Read More »BUSINESS LIVE: Inflation dives to 0.2%; Redrow profits slump 66%
BUSINESS CLOSE: Inflation rate slows to 0.2%; Housebuilder Redrow reveals earnings slump; Zara owner returns to profit; pound at $1.30 By This Is Money Published: 08:06, 16 September 2020 | Updated: 17:16, 16 September 2020 The FTSE 100 closed down 27.06 points at 6078.48 and the pound was at $1.30 …
Read More »Royal Mail sends short-sellers packing as shares surge
Hedge funds caught out by Royal Mail’s share price rally as company surprises market with performance during coronavirus By Jamie Nimmo, Financial Mail On Sunday Published: 21:50, 12 September 2020 | Updated: 22:26, 12 September 2020 Hedge funds have been caught out by Royal Mail’s share price rally after the …
Read More »MARKET REPORT: Royal Mail rally delights shareholders
MARKET REPORT: Royal Mail rally is a rare delight for beleagured shareholders in the troubled postal service By Hugo Duncan for the Daily Mail Published: 21:52, 11 September 2020 | Updated: 22:19, 11 September 2020 It has been a torrid time for Royal Mail shareholders since the stock peaked at …
Read More »Former Tesco boss Terry Leahy a big winners in £5.4bn Hut float
The Hut Group millionaires: Former Tesco boss Terry Leahy among the big winners in online health and beauty group’s £5.4bn listing By Daily Mail City & Finance Reporter Published: 22:11, 10 September 2020 | Updated: 22:30, 10 September 2020 SirTerry Leahy has emerged as one of the major winners from …
Read More »BUSINESS LIVE: Royal Mail warns of a loss; JD Sports reports slump in profits
BUSINESS LIVE: Pound slips as EU trade deal wrangle resumes; Royal Mail warns of a loss; JD Sports reports slump in profits By This Is Money Published: 08:07, 8 September 2020 | Updated: 14:02, 8 September 2020 As Brexit negotiations recommence today, the FTSE is expected to continue rising. Investors …
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