Cineworld Group, the world’s second-largest cinema chain, was the most shorted UK listed company. Some 8.2% of its stock was held short by five investment firms, with New Holland Capital LLC holding the largest short position with 2.42% of the company’s shares. ASOS PLC, Dixons Carphone PLC and BOOHOO.com were …
Read More »U.K. stocks continue winning streak, climb for second day
U.K. stocks finished up Monday, with the FTSE 100 Index UKX, +1.67% rising 1.67% at 7,513.44. Among FTSE 100 constituents, air freight company Royal Mail PLC RMG, +5.26% saw the largest increase Monday, as shares rallied 5.26%. Shares of investment advisors firm M&G PLC MNG, +4.79% and investment advisors company …
Read More »Should you hold the stock?
UK-based global postal service and courier firm Royal Mail plc (LON: RMG) has been in the spotlight recently due to its services being affected by Covid-related staff shortages. The company has been apologising for the delivery issues, but people are highly frustrated. 2022 Kalkine Media® Delivery delays due to Covid …
Read More »U.K. stocks weaken for first time in two days
U.K. stocks decreased Thursday, as the FTSE 100 Index UKX, +0.24% finished down 0.83% at 7,515.68. Among FTSE 100 constituents, air freight company Royal Mail PLC RMG, +0.64% saw the largest decline Thursday, as shares fell 4.78% Shares of advertising/marketing/public relations firm WPP PLC WPP, +0.70% and food products company …
Read More »U.K. stocks extend winning streak for second day
U.K. stocks finished up Thursday, with the FTSE 100 Index UKX, -0.01% rising 1.25% at 7,383.11. Among FTSE 100 constituents, gambling industries company Entain PLC ENT, +3.00% saw the largest increase Thursday, as shares rallied 4.36%. Shares of precious metals firm Fresnillo PLC FRES, +1.01% and containers/packaging company Smurfit Kappa …
Read More »European markets react as U.S. sees rate induced sell-off
LONDON — European stocks advanced on Wednesday, looking to shrug off market nerves after a rate-induced sell-off in the U.S. in the previous session. The pan-European Stoxx 600 climbed 0.8% in early trade, with retail stocks adding 1.2% to lead gains while oil and gas stocks dropped 0.8%. Europe investors …
Read More »Royal Mail Raises 2020 Forecast on Revenue Boost From Letter-Volume Recovery
A postal worker for Royal Mail Plc empties a postbox in Manchester. Photographer: Paul Thomas/Bloomberg Photographer: Paul Thomas/Bloomberg Royal Mail Plc raised its profit expectations for this year due to a pick-up in letter volumes, a weak spot in the company’s turnaround. The shares jumped after the company said that …
Read More »UK bolsters economic support as England goes into lockdown
UK bolsters economic support as England goes into lockdown … with the likes of British Airways, Royal Mail and Rolls-Royce all laying off thousands. Source link
Read More »U.S. election results being watched closely
LONDON — European stocks advanced on Wednesday as investors around the world keep watch on the results of the U.S. election. Following a turbulent open, the pan-European Stoxx 600 was up by around 0.6% by late morning, with healthcare stocks jumping 3% while banks shed 1.8%. The results of the …
Read More »European stocks seen inching higher as investors watch data, U.S. tech
European markets are set to inch higher Tuesday as global investors wait to see whether the dominant U.S. tech sector can recover momentum after last week’s rout, while awaiting key economic data due out of the euro zone. Britain’s FTSE 100 is seen around 10 points higher at 5,947, Germany’s …
Read More »