Royal Mail surged on Wednesday as JPMorgan Cazenove upgraded the stock to ‘overweight’ from ‘neutral’ and lifted the price target to 374p from 253p, saying it sees a potential strong improvement in trading over the next 18 months, due in part to an improved revenue outlook. “In our view, this …
Read More »Royal Mail to hire 10,000 more temporary Christmas
Whitehead & Aldrich News: Due to a rise in online shopping, Royal Mail is aiming to hire 33,000 additional workers for the Christmas pe… https://t.co/61s1EzdYvv 2 hours ago Drapers .@RoyalMail is hiring thousands more Christmas workers in anticipation of a bumper online peak season. #ecommerce… https://t.co/wVB8VkU85o 2 hours ago isabelle tracy RT @thesundaytimes: Royal Mail …
Read More »Wednesday newspaper round-up: Royal Mail, Poundstretcher, UK airports
Royal Mail postal workers will for the first time collect parcels on the doorstep, in one of the biggest changes to the service as it adapts to the decline in letters and rapid growth in online shopping. From Wednesday customers across the UK will be able to pay a fee …
Read More »Savills : Quadrant and Aimco announce joint venture to bring forward £150m redevelopment of former Royal Mail site, Nine Elms
Royal Mail went under offer to sell the slice of its former depot in Nine Elms – known as Plot A – last July, when Quadrant secured the deal ahead of rival bids from the likes of MiddleCap, among other investors. The transaction is Royal Mail’s latest sale on the …
Read More »Editorial: A soft spot for the Postman
The post was delivered twice on weekdays, once on Saturday. … Henry VIII — not my favorite royal — to thank for establishing the Royal Mail in 1516. Source link
Read More »Royal Mail rallies after JPMorgan upgrade
Royal Mail shares rallied on Friday after JPMorgan Cazenove upgraded its rating to ‘neutral’ from ‘underweight’. It said that while the UK turnaround is far from certain, stronger short-run trading has at least bought some time, and should prevent a build-up of net debt. “The CWU negotiations appear to be …
Read More »Broker tips: Rolls-Royce, Travis Perkins, Avast, Royal Mail
Analysts at Berenberg slashed their target price on aerospace and defence manufacturer Rolls-Royce from 890.0p to 270.0p on Friday but upped their rating on the firm from ‘hold’ to ‘buy’, stating nothing was priced in for a turnaround. Berenberg said the market appears to have given up on Rolls-Royce, with …
Read More »FTSE 250 movers: FirstGroup gives back some gains; Royal Mail rises
FirstGroup was in the red, having surged on Monday following a Sunday Telegraph report that its US operations have attracted interest from several major private equity firms. Housebuilder Vistry was weaker after it posted an 86% slump in first-half adjusted pre-tax profit as it was “significantly” by the Covid-19 lockdown …
Read More »Royal Mail lifts revenue target, sees loss on growing costs
The logo of Royal Mail is seen outside the Mount Pleasant Sorting Office as a delivery vehicle arrives, in London, Britain, June 25, 2020. REUTERS/John Sibley/Files (Reuters) – Royal Mail on Tuesday raised its revenue target for the current year, driven by a jump in online shopping parcel volumes, but …
Read More »Royal Mail : appointed by Moonpig to deliver majority of gifts and cards
Royal Mail has been appointed by Moonpig, the UK’s leading online card, gifting and flowers retailer, to deliver the majority of their gifts across the UK* via Royal Mail Tracked services**. Royal Mail has been delivering cards for Moonpig since the company’s foundation in 2000, but the new, expanded contract …
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