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FTSE 250 lifted by M&A activity, Royal Mail deal

(Alliance News) – Stock prices in London opened higher on Monday, with the large-cap FTSE 100 index boosted by commodity stocks and the mid-cap FTSE 250 lifted by prospective dealmaking. The FTSE 100 opened up 41.10 points, 0.5%, at 7,913.01. The FTSE 250 was up 149.87 points, 0.8%, at 19,392.56, …

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Royal Mail sees higher H1 profit as revenues rise 8%

Royal Mail said it expected a rise in first half profits despite rising costs as the pandemic-driven boom in parcel delivery from online shopping continued to drive revenue growth. The letter and parcel carrier said revenues climbed 8.2% to £5.1bn in the five months to August. It added that it …

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FTSE 250 movers: EasyJet flies higher; Babcock slumps

London’s FTSE 250 was up 0.8% at 17,302.31 in afternoon trade on Tuesday. EasyJet was sitting pretty at the top of the index as it said it expects to report a smaller loss for the fourth quarter of the year and announced the expansion of its flight schedule amid stronger-than-expected …

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FTSE 250 movers: NewRiver drops, Tullow gushes higher

London’s FTSE 250 was lower by 0.38% at 20,733.26 in afternoon trade on Monday, with NewRiver leading the index downward. The real estate investment trust fell after it announced it had completed its acquisition of Sprucefield Retail Park in Lisburn, Northern Ireland, from Intu. Trainline dropped following the news that …

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FTSE 250 movers: Apax Global falls, Trainline chugs higher

London’s FTSE 250 was 0.19% lower at 20,270.22 in afternoon trade on Tuesday, with Apax Global leading the index downward. Engineering company Weir Group was in the red after analysts at JPMorgan cut their target price for the stock from 1,500.0p to 1,380.0p and reiterated their ‘neutral’ rating following a …

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FTSE 250 movers: Metro Bank chugs higher, Kainos falls

London’s FTSE 250 was down 0.82% at 19,624.51 in afternoon trading on Wednesday, with Metro Bank leading the index higher. Aston Martin Lagonda also racked up solid gains, following other luxury goods stocks higher on investor optimism that a breakthrough in Hong Kong will ensure continued demand from Chinese consumers. …

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