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 …
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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 …
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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 …
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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 …
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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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24 August 2020, 12:54 | Updated: 24 August 2020, 13:12 Sherlock violin stamp. Picture: Royal Mail Newly-issued Royal Mail stamp features a rather uniquely constructed violin bow. Elementary my dear Watson… Stamp artwork and printing is subjected to incredibly high standards of design and scrutiny. However, a virtuosic blunder seems …
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Martha4Chippenham RT @BBCWiltshire: The Royal Mail delivery office in Swindon which closed for deep cleaning after two workers tested positive for Covid-19 h… 3 hours ago lynne RT @WorldCarDriver: Royal Mail delivery office is forced to close in Swindon after Covid outbreak https://t.co/NCZMqMN2YR 3 hours ago Chloe Scott Royal Mail delivery office is forced to …
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Analysts at Liberum slightly raised their target price on ‘sell’ rated postal service Royal Mail Group on Monday, stating that risks to its UK operations outweighed resilience in its European arm, General Logistics Systems (GLS). Liberum said the outlook for Royal Mail’s UK parcels, international and letters (UKPIL) unit was …
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Royal Mail has been fined £1.5m by its regulator for missing delivery targets for first-class post and £100,000 because it overcharged for second-class stamps. The letters and parcels company is required to deliver at least 93% of first-class post across the UK within one working day of collection but in …
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London’s FTSE 250 was down 0.3% at 17,098.38 in afternoon trade on Thursday. Royal Mail shares slid after the company said it will cut 2,000 manager jobs as it desperately tried to save £130m in costs amid the coronavirus crisis and reported a 25% plunge in full year profits. It …
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