Only a handful of listed British companies have been trading for as long as the Queen has been on the throne. They have survived seven decades of economic turbulence, proving their long-term ability to generate cash, but does that make them good investments? Household favourites Tom Stevenson, of the investment …
Read More »Royal Mail leads FTSE 100 rebound as it cuts 700 jobs
Good morning. There’s no shortage of news for Unilever at the moment. After its disastrous £50bn move on GSK’s consumer arm – which was firmly rebuffed by the pharmaceutical giant and lambasted by shareholders – it’s now planning to slash thousands of jobs. The cuts are said to target numerous …
Read More »JPMorgan puts Royal Mail on ‘Negative Catalyst Watch’, shares slump
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 …
Read More »Aim stocks let investors down this year – knowing the rules is vital to saving inheritance tax
Chris Boxall, of Fundamental, said despite the disappointing figures, investors have made decent returns from some risky companies. He said: “It’s noticeable that all the top performers are early-stage companies which are not yet revenue generating and come from either the resources or life sciences sectors. “We are generally reluctant …
Read More »Royal Mail plc – Transaction in Own Shares
Royal Mail plc – Transaction in Own Shares. The Company announces that on 13 December 2021 it had purchased a total 183,506 of its ordinary shares of GBP0.01 each (the ‘ordinary shares’) on the London Stock Exchange, Cboe BXE and Cboe CXE, through the Company’s broker, Merrill Lynch International, as …
Read More »UK shares slide as inflation, Omicron risks grow
The benchmark FTSE 100 index declined 0.5% in morning trade, diverging from its Asian peers, while the domestically focussed mid-cap index fell 0.7%. Bank of England (BoE) Governor Andrew Bailey said on Wednesday that the economic impact from COVID-19 still remains strong, while noting the inflationary pressure from supply chain …
Read More »FTSE 100 movers: Telecoms shares rally on deal news; gold miners drop
London’s FTSE 100 was up 0.5% at 7,257.43 in afternoon trade on Monday. Vodafone and BT Group rallied after private equity firm KKR made a $12bn takeover approach to Telecom Italia. Neil Wilson, chief market analyst at Markets.com, said: “There has been a lot of speculation about a possible takeover …
Read More »FTSE 100 Live 21 October: Evergrande deal falls through, Barclays earnings after Tesla results, bitcoin record
E vergrande’s future was back in focus today after it emerged that China’s debt-laden property firm had failed to complete a key $2.6 billion asset sale. Its shares plunged more than 10% at one point following their resumption of trading, with Asian markets also back under pressure on fears of …
Read More »UBS downgrades Royal Mail to ‘sell’, shares tumble
Royal Mail shares tumbled on Wednesday as UBS downgraded them to ‘sell’ from ‘buy’ and cut the price target to 440p from 590p. The bank said risks to opex were increasing, with potential pricing pressure in UK Parcel. UBS cut its FY22/23 EBIT estimates by 8%/15%, mainly driven by higher …
Read More »three ways to build your starter portfolio
Season three of Fantasy Fund Manager has kicked off and it’s time to pick your winning mix of British stocks. While many will favour “gut feeling” approaches, there are several time-old strategies favoured by professionals. The Telegraph’s share tipping game launched today and everyone starts with £100,000 to invest in between five …
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