A woman wearing a face mask leaves a Sainsbury’s supermarket, amid the coronavirus disease (COVID-19) outbreak, in London, Britain January 12, 2021. LONDON (Reuters Breakingviews) – Daniel Kretinsky seems to be hoping that supermarkets’ pandemic boost will endure. The Czech billionaire has raised his stake in UK grocer J Sainsbury …
Read More »Royal Mail lifts profit forecast as advertising, business mail recovers
FILE PHOTO: A traditional Royal Mail red post box is seen near autumn foliage in London, Britain, October 21, 2020. REUTERS/Toby Melville (Reuters) – Britain’s Royal Mail raised its annual profit forecast on Wednesday, citing stronger-than-expected advertising, business and stamped mail volumes this year. The postal firm last month forecast …
Read More »UPDATE 2-London stocks fall as Brexit, coronavirus concerns weigh
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Johnson Matthey slips as half-year profit slumps * Direct Brexit talks suspended after EU team member tests COVID positive * Royal Mail jumps on raising annual revenue outlook …
Read More »UPDATE 2-Royal Mail raises revenue estimate as online shopping surges
* Royal Mail raises annual revenue estimate * Shares up 7% at near two-year high * H1 above initial expectations in many areas (Adds background on restructuring, labour dispute, shares) Nov 19 (Reuters) – Royal Mail raised its full-year revenue outlook on Thursday, as it benefited from a surge in …
Read More »The Hut Group shares soar 30% after bumper $7 billion London IPO
By Abhinav Ramnarayan, Sinead Cruise LONDON (Reuters) – The Hut Group’s THG.L shares soared 30% in the company’s first day of trading on Wednesday after batting away corporate governance concerns to seal its 5.4 billion pound ($6.99 billion) listing, one of London’s largest tech IPOs to date. FILE PHOTO: The …
Read More »