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Royal Mail is facing a summer of discontent as its union demands with a potential price tag of £1bn, even as it calls for shorter working weeks … Source link

London stocks fell in early trade on Wednesday as investors mulled hawkish Fed comments and eyed the latest reading on the UK construction sector. At 0905 BST, the FTSE 100 was down 0.3% at 7,594.74. Overnight, Federal Reserve governor Lael Brainard said the US central bank could start reducing its …

London stocks rose in early trade on Tuesday amid hopes of progress in Russia-Ukraine peace talks. At 0910 BST, the FTSE 100 was up 0.7% at 7,526.55. Russ Mould, investment director at AJ Bell, said: “Having tripped over on Monday afternoon amid concern about China lockdowns and the conflict in …

Royal Mail slumped on Friday after JPMorgan Cazenove placed the shares on ‘Negative Catalyst Watch’ ahead of the company’s next update on 10 February. “While we don’t expect a disappointment on revenue, this will be supported by Covid testing and so will reverse over time,” JPM said. “We also believe …

Berenberg reviewed its ratings on a number of leisure stocks on Thursday from pubs to restaurants and travel firms. The bank downgraded JD Wetherspoon to ‘hold’ from ‘buy’ and cut its price target on the stock to 1,050.0p from 1,650.0p, stating it still thinks Wetherspoons is a very well-run business …

The Sunday Times‘s Robert Watts sounded the retreat for investors in shares of Games Workshop, the maker of table-top figurines for The Lord of the Rings, Warhammer and other fantasy settings. In particular, he took issue with the company’s decision to clamp down on fans who were creating animations using …

JPMorgan Cazenove upgraded Ladbrokes owner Entain on Tuesday and downgraded 888 Holdings as it took a look at the onling gaming sector. The bank upgraded Entain to ‘overweight’ from ‘neutral’ and lifted the price target to 1,852p from 1,628p given that its non-US assets now trade at a discount to …

London’s FTSE 250 was down 0.8% at 20,288.50 in afternoon trade on Wednesday. Online electricals retailer AO World was the biggest loser, closely followed by Ferrexpo. On the upside, convenience food maker Greencore was the standout performer as Jefferies lifted its stance on the shares to ‘buy’ from hold’ and …

Wall Street stocks closed higher on Tuesday following a sharp sell-off in the previous session, driven by some stronger than expected manufacturing data. At the close, the Dow Jones Industrial Average was up 0.55% at 30,391.60, while the S&P 500 was 0.71% firmer at 3,726.86 and the Nasdaq Composite saw …

Berenberg upped its rating on Royal Mail on Tuesday to ‘hold’ from ‘sell’ and hiked the price target to 280p from 137p as it said risks remain but are now balanced. The bank noted that despite a severe hit to mail volumes, Royal Mail has been relatively successful during the …