(Reuters) – Mike Ashley’s British sportswear group Frasers reported a 25% rise in first-half core earnings on Thursday and raised the lower end of its annual forecast following strong online sales and the reopening of stores at the start of December. FILE PHOTO: A shopper wearing a protective face mask […]
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Potential Covid-19 Vaccine Lifts Uber, Expedia, Yelp, and Other Tech Reopening Plays
Text size A rally on upbeat coronavirus-vaccine data has touched off a rally in many sectors, including tech plays for an economic recovery. David Paul Morris/Bloomberg While tech shares are lagging in Monday’s vaccine-driven rally, some tech laggards are showing dramatic gains on the prospect for a return to a […]
Royal Mail lifts revenue target, sees loss on growing costs
(Reuters) – Royal Mail on Tuesday raised its revenue target for the current year, driven by a jump in online shopping parcel volumes, but forecast an annual loss due to costs related to the COVID-19 pandemic and the changing nature of its business. The company said it expects revenue to […]