By Shashank Nayar, Ambar Warrick (Reuters) – The British blue-chip index ended lower on Tuesday as weak oil prices hurt major energy stocks, while losses in the mid-cap index were mitigated by Royal Mail, which rose after it flagged a boost from e-commerce. FILE PHOTO: The London Stock Exchange Group …
Read More »European equities sapped by Brexit fears, energy and tech stocks slide
(Reuters) – European shares fell on Tuesday on fears that Britain was in danger of leaving the European Union without a trade agreement, with energy firms and technology stocks among the biggest decliners. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, …
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 »UPDATE 1-UK Stocks-Factors to watch on Sept 8
(Adds futures, news items) Sept 8 (Reuters) – Britain’s FTSE 100 index is seen opening 5 points higher at 5,942 on Tuesday, according to financial bookmakers, with futures seen up 0.4% ahead of cash market open. * ROYAL MAIL: Royal Mail raised its revenue target for the current year, driven …
Read More »The Hut Group launches $1.22 billion London float
LONDON (Reuters) – E-commerce firm The Hut Group confirmed its intention to float on the London Stock Exchange on Thursday, in potentially the biggest listing of a British company since 2013 and the first major London listing since the COVID-19 crisis. The 920 million pound ($1.22 billion) float would value …
Read More »United Kingdom considers minting coin to commemorate Mahatma Gandhi
The United Kingdom is considering minting a coin to commemorate Mahatma Gandhi’s contribution to India’s freedom struggle, Reuters reported on Sunday. “The Royal Mint Advisory Committee is currently considering a coin to commemorate Gandhi,” the UK Treasury said. Finance Minister Rishi Sunak has asked the Royal Mint Advisory Committee to …
Read More »Queen’s palace bodyguard busted with ketamine and cocaine
One of Queen Elizabeth’s royal bodyguards, known for their statuesque stoicism, was arrested Tuesday on charges of ketamine and cocaine possession. A private in the ranks of the Coldstream Guards — yes, the ones with the iconic big furry hats — was suspected after a white, powdery substance was found …
Read More »‘British Karen’ wields pipe during altercation with neighbor
A British woman armed with a metal pipe tried to open the door of a Royal Mail van when a man approached her and demanded she back off, video shows. The 48-second clip, posted Wednesday on Reddit, shows a woman dubbed “British Karen” casually strolling around a Royal Mail van …
Read More »UPDATE 2-UK’s Royal Mail ships more parcels, fewer letters during lockdown
* Parcel volume up 38%, letters drop 33% * Says restructuring plans underway * Reiterates outlook for 2020-21 (Rewrites throughout, adds detail, shares) By Yadarisa Shabong and Pushkala Aripaka July 21 (Reuters) – Britain’s Royal Mail said its parcel shipments rose 38% in April-June as lockdowns drove a surge in …
Read More »UPDATE 1-Royal Mail ships more parcels as sales move online in lockdown
(Adds details on volumes, context) July 21 (Reuters) – Britain’s Royal Mail said on Tuesday it had shipped 117 million more parcels in the June-ended quarter than last year, as people and businesses shifted to online sales during the coronavirus-led lockdown. The company has had a turbulent few years with …
Read More »