Royal Mail Shares News & Articles

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 ...

Market report: FTSE 100 plunges to two-year low on US slowdown fears, DS Smith continues slide

UK stocks fall in line with continental Europe and US index futures as worries over the strength of the US economy begin to weigh on sentiment. In early trade the FTSE 100 index gives up almost 2% to 6,792.10, a new two-year low, while the FTSE 250 gives up 1.5% to a low for the year of 17,995 points. Tomorrow sees the release of three closely-watched indicators of the health of the US economy ...

Market report: Royal Mail set for FTSE 100 exit as markets drift on limited corporate news

All eyes are on Royal Mail (RMG) ahead of the FTSE 100 re-shuffle next Tuesday. With the shares trading down another 2% to 317p on Friday, its current market capitalisation of just over £3.2bn. That puts it in 119th spot in terms of valuation on the UK stock market, well below the 110th place cut-off, meaning it will automatically be ejected from the blue-chip index. This sums up a ...

Market report: Pound slumps, Royal Mail and Aston Martin fail to win over investors

The FTSE 100 and 250 indices head in opposite directions amid panic over Brexit developments. Dominic Raab’s resignation as Brexit Secretary has triggered a sell-off in the pound and hurt the domestically-focused FTSE 250, down 0.7% to 18,772. In contrast, the more internationally-focused FTSE 100 rises 0.5% to 7,069, helped by strength in the mining sector amid hope that trade tensions will ...

Market report: Slowing growth hits Ferguson, Royal Mail hit by warning hangover

The FTSE 100 dips 0.24% to 7,477.45, breaking its usual habit of rising when the pound is under pressure thanks to tensions between the US and China and brewing financial issues in Italy. Plumbing products specialist Ferguson (FERG) hikes its dividend after reporting an uptick in annual profit led by 'strong' industrial growth in the US, though UK performance was weaker as a restructuring plan ...

Market report: Esure sold for £1.2bn, Royal Mail facing hefty fine and copper output squeezed

UK insurer Esure (ESUR), the firm behind the Sheila’s Wheels brand, has agreed to be bought out by Bain Capital Private Equity in a £1.21bn deal. This is confirmation after news of talks broke late morning on Monday, sending the stock soaring more than 30%. That caps interest in financial figures, also out on Tuesday, which show a hefty fall in pre-tax profit for the six months to 30 ...

Falling letter volumes fail to deter investors at Royal Mail amid strong growth in parcels and overseas

Shares in UK parcels delivery service Royal Mail (RMG) advance 3.4% to 496.7p despite letter revenues falling 6% in the quarter to 24 June and a warning trading could deteriorate further. It appears investors are focusing on robust trading in UK parcels and the overseas division General Logistics Systems (GLS). Royal Mail expects a 4% to 6% decline in addressed letter volumes, but believes ...

Market report: TalkTalk tops FTSE All Share on subscriber growth, Royal Mail still facing letters pressure

Broadband and calls supplier TalkTalk (TALK) is firmly backed by investors in early trade on Tuesday, the stock rallying around 6% to 116.7p, after the company lays out a promising trading update. The embattled company has been gripped by an intense price war with big rivals like BT (BT.A), Sky (SKY) and Virgin and has faced other issues, but news today that it has added 80,000 ...
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