The peddler of car parts and bicycles has issued four profit warnings in two years, blaming the changeable weather along the way, while its shares have halved to 171p, giving it a value of £340m. Chambers noted that the main reason it had not been more of a “bloodbath” was …
Read More »
Royal Mail staff voted overwhelmingly in favour of going on their first strike in a decade. Over 97% of votes by members of the Communication Workers Union backed a strike. The turnout was 76% (around 110,000 UK postal workers). The result was the largest yes vote for national industrial action …
Read More »
Boris Johnson has personally apologised for embarrassing the Queen by requiring her to approve the unlawful suspension of the House of Commons. Royal sources have revealed that there was huge disquiet in the Queen’s household about Johnson’s decision to prorogue parliament for five weeks, even before the Supreme Court ruled …
Read More »
Analysts at Canaccord Genuity raised their target price on British landlord Greene King on Tuesday, but lowered their recommendation for the firm’s shares from ‘buy’ to ‘hold’ following the previous session’s accepted offer from CK Noble. Shares of Greene King surged on Monday after the pub group agreed to be …
Read More »
Royal Mail shares were under the cosh on Tuesday as JPMorgan Cazenove said there is “potential for material near-term volatility and uncertainty” in the eventual outcome of the company’s dispute with the Communications Workers Union (CWU). “Since RMG’s May 2019 FY results and strategy update we note a material and …
Read More »