RMG.L Share News (RMG)

LONDON MARKET OPEN: China interest rate cut steadies investor nerves

(Alliance News) - European markets were on course for a strong end to an otherwise shaky week, with sentiment getting a shot in the arm from an interest rate cut in China.

Berenberg lowers target price on Royal Mail

(Sharecast News) - Analysts at Berenberg lowered their target price on courier Royal Mail from 650.0p to 575.0p on Friday, stating there was "no reprieve" for the stock just yet.

LONDON BRIEFING: Next Fifteen steps into M&C Saatchi takeover battle

(Alliance News) - Digital marketing services firm Next Fifteen Communications on Friday muscled into the tussle over advertising agency M&C Saatchi by making a GBP310.1 million cash-and-shares offer.

LONDON MARKET CLOSE: Dour day in Europe as New York struggles again

(Alliance News) - European equities slumped on Thursday, after deep sell-offs in New York on Wednesday as retailers across the Atlantic faced heavy selling pressure following a series of warnings on costs, margins and profits.

LONDON MARKET MIDDAY: Stocks down as Wall Street set for more selling

(Alliance News) - The week's earlier optimism was proving fleeting on Thursday, with a sell-off in Europe steepening amid worries over inflation and global growth prospects.

TOP NEWS: Royal Mail cautions on future earnings after profit drop

(Alliance News) - Royal Mail PLC on Thursday reported a drop in annual profit and warned of a "downside risk" to consensus expectations for the year ahead.

LONDON MARKET OPEN: Retailers Target and Walmart trigger NY sell-off

(Alliance News) - Stocks in Europe picked up where they left off, sliding at the open on Thursday as a rout on Wall Street further dented risk sentiment.

LONDON MARKET PRE-OPEN: HomeServe agrees takeover; easyJet loss slims

(Alliance News) - Stocks in London are set to slide on Thursday after a sell-off on Wall Street overnight as inflation and recession worries persist.

Royal Mail sees £350m in costs cuts as it faces inflation headwinds

(Sharecast News) - UK letter and parcel carrier Royal Mail warned of price increases and £350m in cost cuts to combat soaring inflation after reporting a rise in full-year profits, although short of expectations.

UK earnings, trading statements calendar - next 7 days

LONDON BROKER RATINGS: BofA cuts Aviva to neutral but ups Rightmove

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday afternoon:

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Totally receives five-year extension for Royal Mail contract

Totally PLC - Derby-based healthcare service provider that spans public and private sectors - Says its subsidiary Energy Fitness Professionals received a five-year extension for its contract with Royal Mail PLC for the delivery of onsite gyms. Says the contract is valued at a total of GBP2.5 million. Adds that EFP has managed the Royal Mail's onsite gyms for 18 years. The contract covers the management of 34 sites across the UK, the introduction of a digital offering called Health Hub, and the trial of a new wellbeing consultation protocol for gym members called Health Fair.

LONDON BROKER RATINGS: IAG and Wizz Air receive price target cuts

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

LONDON MARKET MIDDAY: European stocks surge as peace talks continue

(Alliance News) - European equity prices were solidly higher midday Tuesday, with the CAC 40 in Paris the star-performer, as hopes of a diplomatic solution to Russia's conflict with Ukraine lifted markets.