FTSE 100 – Royal Mail and Provident out; Berkeley and NMC Health in
Royal Mail and Provident Financial have been ejected from the UK’s top 100 listed companies following the index’s latest quarterly rebalance.
Royal Mail and Provident Financial have been ejected from the UK’s top 100 listed companies following the index’s latest quarterly rebalance.
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Recently privatised Royal Mail is in the danger zone for potentially being relegated out of the FTSE 100 index of the UK’s top shares, according to experts.
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Despite a busier than usual Christmas delivery season, Royal Mail’s share price slumped to 6.4% to 420.7p Thursday morning, as investors continued to fret about its flagging letters business.
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Markets were unimpressed by Royal Mail’s second consecutive quarter of meagre sales growth, dragging its shares down by 6.4% to 467.2p on Thursday morning.
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Royal Mail shares were trading 1% higher this morning at 507p putting it in the top ten FTSE 100 risers at the time of writing.
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Ardevora’s Jeremy Lang is hoping to reap rewards from a recent investment in Royal Mail and opportunities created by the oil price slump.
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The Business, Innovation and Skills select committee says taxpayers may have lost out on £1bn from an undervalued Royal Mail, but what can investors learn about the recent spate of high-profile IPOs?
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With investors on the lookout for any signs that valuations wont be backed by earnings corporates cannot be seen to be underperforming.
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Despite positive results, Britains oldest postal institution is facing risks for its dividend.
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Royal Mails first-half operating profits have doubled to £283m, helping its shares climb close to 5% and silence its critics over its valuation.
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Chris Hohn’s activist hedge fund has emerged as the largest holder of Royal Mail shares.
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Now the Royal Mail flotation is under way, investors are looking for the next sell-off of publicly-owned businesses with the state-owned banks firmly in their sights.
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