The first quarter of 2020 is “make or break” for Hargreaves Lansdown as investors examine whether weak inflows are the result of temporary factors or increased competition, Berenberg said as the broker cut its price target on the company’s shares. Keeping their ‘hold’ rating on the stock the Berenberg analysts …
Read More »Bernstein downgrades Royal Mail to ‘underperform’
“Things will get worse before they get better,” the bank said, adding that the current cash flow trajectory implies a cash crunch, with dividends and capex outpacing cash generation by around £200m. Bernstein said management will have to choose between restarting the transformation, cutting the dividend, or increasing borrowing. “The …
Read More »FTSE 250 movers: Beazley boosted by results; Royal Mail fails to deliver
London’s FTSE 250 was up 0.3% at 21,576.49 in afternoon trade on Thursday. Insurer Beazley was the standout gainer after it posted a better-than-expected surge in full-year pre-tax profit as three of its six divisions achieved double-digit growth. In the year to the end of December, pre-tax profit surged 250% …
Read More »Royal Mail’s Christmas parcels hurt by labor unrest, warns of challenges
LONDON (Reuters) – UK’s Royal Mail (RMG.L) said on Thursday its outlook for the next fiscal year is “challenging” and the threat of a labor strike in late 2019 hurt parcel revenue growth during the Christmas period as customers opted to use other carriers. FILE PHOTO: A Royal Mail van …
Read More »Royal Mail celebrate classic video games with first stamp collection of 2020 > Creative Review > Style
by Khyle Deen. Published Sat 11 Jan 2020 11:55 Photo credit: Royal Mail Royal Mail have unveiled some stamps, celebrating some classic British video games. WipEout, Sensible Soccer, Tomb Raider and Lemmings are some of the video games …
Read More »Royal Mail union loses appeal to overturn injunction halting strike
FILE PHOTO: A Royal Mail postal worker stands in the yard of a sorting office in Altrincham, Britain October 12, 2017. REUTERS/Phil Noble/File Photo (Reuters) – Britain’s Royal Mail (RMG.L) on Thursday confirmed that its biggest union lost an appeal to overturn a High Court injunction to stop a strike …
Read More »FTSE 250 movers: Royal Mail tumbles, Direct Line climbs
London’s FTSE 250 was down by 0.83% at 20,304.86 in afternoon trade on Thursday, with Royal Mail dragging the index lower. Shares in the mail carrier tanked after the company said its transformation programme was behind schedule, cut its interim dividend and warned of a “challenging” outlook for the letters …
Read More »Royal Mail Goes To Court To Block Pre-Christmas Strike
Royal Mail on Friday made a High Court bid to block a postal strike by workers due next month ahead of Christmas and around the time of Britain’s general election. Members of the Communication Workers Union recently voted to strike amid a dispute with management over pay and other employment …
Read More »Last Christmas posting dates for 2019: Royal Mail’s UK and international deadlines
1 November 2019, 13:32 These are Royal Mail’s last posting dates for the UK and the rest of the world. Picture: Getty Need to send a last-minute gift? Here are the final dates you can post letters and parcels with Royal Mail this year. Shopping for presents and wrapping them …
Read More »Storm Forces William And Kate’s Royal Plane To Abandon Islamabad Landing
A fierce storm in Islamabad forced a plane carrying Britain’s Prince William and his wife Kate to abandon two landings before returning to Lahore late Thursday, reporters travelling with them said, in a dramatic end to a day of cracking cricket balls and touring the towering historic Badshahi Mosque. The …
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