Tag Archives: royal

Credit Suisse downgraded Royal Mail on Thursday to ‘underperform’ from ‘neutral’ and cut the price target to 345p from 558.11p, citing 10% potential downside. The bank pointed to downside risk to consensus parcel volume expectations of +3% in 2022-23 as it believes only a partial normalisation of online shopping habits …

The Dormant Assets Bill has received Royal Assent, meaning the government’s Dormant Assets Scheme has been expanded to cover additional assets from certain pensions and investments. The passage of the bill is expected to unlock up to £800m for use in charitable causes. Dormant assets held via vehicles including savings …

In the third quarter of the year leading up to 5 December 2021, Royal Mail delivered 93.8 per cent of Second Class mail within three working days. The Company delivered 76.8 per cent of First Class mail the next working day with 92.5 per cent delivered within two days. While …

Lifestyle 3 Feb, 2022 11:55 PM2 minutes to read Postmen filmed ‘high’ after ‘accidentally’ eating a mystery batch of ‘hash brownies. Video / Twitter The UK’s Royal Mail has launched an investigation after a video showed a postman staggering in the street after “accidentally” eating brownies laced with cannabis. The …

London stocks had maintained gains by midday on Tuesday, having taken their opening cue from a positive close on Wall Street, with Royal Mail pacing the advance after a well-received update. The FTSE 100 was up 0.8% at 7,357.44, having slumped 2.6% on Monday amid growing tensions between Russia and …

Royal Mail slumped on Friday after JPMorgan Cazenove placed the shares on ‘Negative Catalyst Watch’ ahead of the company’s next update on 10 February. “While we don’t expect a disappointment on revenue, this will be supported by Covid testing and so will reverse over time,” JPM said. “We also believe …

Lifestyle 9 Jan, 2022 12:53 AM2 minutes to read Right Reverend John Inge and Helen Jane Colston Inge from Worcester attending day one of Royal Ascot at Ascot Racecourse. Photo / Getty Images The Bishop of Worcester was surprised to see a letter in his mailbox addressed to him “and …

Berenberg reviewed its ratings on a number of leisure stocks on Thursday from pubs to restaurants and travel firms. The bank downgraded JD Wetherspoon to ‘hold’ from ‘buy’ and cut its price target on the stock to 1,050.0p from 1,650.0p, stating it still thinks Wetherspoons is a very well-run business …

Barclays hiked its price target on Royal Mail to 640p from 550p on Thursday, citing expectations of growth in FY23. The bank said it expects “solid” Christmas trading, as indicated by the recent ‘Barclays UK Spend Trends’ discretionary retail spend signal. “UK domestic volumes continue to be supported by antigen …

One-year-old Jalayne Sutherland dressed up as Queen Elizabeth II with her corgis last Halloween. The family sent a photograph of Jalayne to the Queen, and in December, Windsor Castle responded. A 1-year-old who dressed up as the Queen for Halloween is going viral after receiving a letter from Windsor Castle …