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Royal Mail Shares News & Articles

Market report: Sports Direct surges on strong results, Cineworld cheapens on debt-fuelled deal

London’s FTSE 100 added a further 117 points to trade at 7,470.5 on Monday, building on Friday’s impressive rally thanks to some of the bigger constituents taking a small step forward including banks, miners and tobacco stocks. Mike Ashley’s Sports Direct (SPD) sprinted 13.3% higher to 407.8p after the retailer reported a 58% rise in first half underlying pre-tax profit to £101.8m and ...

UK equity markets go crazy in wake of decisive Tory victory at the polls, FTSE 250 jumps 4%

UK equity rallied strongly in early trade on Friday as investors welcome the removal of several key risks that have been hanging over the stock market, sparking the pound to post its biggest gain against the dollar in two and a half years, with £1 worth $1.34. The market now has more confidence that Prime Minister Boris Johnson should be able to pass a Brexit deal and for the UK to formally ...

Royal Mail slumps 17% as it admits struggle to keep up with changing consumers

Royal Mail's (RMG) transformation from letters to parcels is behind schedule, the company confirmed on Thursday, which will slam the brakes on productivity and possibly push the UK letter business into a loss for the next financial year. Shareholders must feel that their Christmas has been cancelled, sparking significant selling that left the stock nearly 17% lower at 192.4p. The shares were ...

Market report: Slow start for UK stocks as Royal Mail fights strike threat and Games Workshop jumps

UK share dealing gets off to a slow start on a typically quiet Friday morning session with investor attention elsewhere. At the start of share trading the benchmark FTSE 100 is down roughly 25 points at 7,382.04, led by miners Evraz (EVR) and Anglo American (AAL), both off by around 3% at 373.7p and £20.495 respectively. British American Tobacco (BATS) tops the FTSE 100 leader board on ...

Market report: Profits slump at struggling Marks & Spencer as dividend cut and discounted rights issue unveiled

UK investors are on the front foot in early trade on Wednesday as they eye the promise of progress on a softer Brexit deal and are buoyed by firm markets in New York and Asia overnight. The benchmark FTSE 100 opens roughly 34 points higher at 7,362.92, closing on May highs of 7,385, and batting off a series of corporate announcement disappoints. They include Marks & Spencer ...

Market report: Reckitt rocked by Kapoor’s departure, buoyant Bovis catches a bid

Despite Prime Minister Theresa May’s heavy Brexit vote defeat, the pound is holding firm and the UK-heavy FTSE 250 index trades 57.3 points higher at 18,487 on Wednesday. This perhaps reflects hopes we are going to get more time for negotiations, we’re less likely to have a hard Brexit or Brexit won’t happen at all. However, the EU has already said it isn’t going to negotiate further and ...
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