Poundstock

Raymond James analyst Budd Bugatch and team upgrade Restoration Hardware (RH), which lost more than a quarter of its value yesterday, to Strong Buy from Outperform today, noting that they're “in for a penny, in for a pound.” They explain why ...

Put the strong pound and dollar in this category. Americans and Britons alike fear their strong currencies will hack exports, whack earnings and thwack stocks. Hence the hand-wringing over every disappointing UK trade report, business survey and think ...

LONDON British mining and trading group Glencore has launched a share sale representing almost 10 percent of its issued capital as part of its previously announced plans to cut debt. Glencore announced last week that it would raise $2.5 billion (1.6 ...

LONDON UK insurer Hastings Direct said on Tuesday it plans to raise 180 million pounds ($277.40 million) through a listing on the London Stock Exchange, using the proceeds to reduce debt and strengthen its capital base. A number of existing shares held ...

Royal Bank of Scotland is mulling a multi-billion pound share buyback next year after it clears a major hurdle towards returning cash to shareholders. The taxpayer-owned bank is believed to be increasingly confident that it will be able to pay off a ...

A million-pound stock clearance at Barker and Stonehouse in Middlesbrough has seen customers queuing up for a bargain. Some products have been reduced by up to 80% to clear all showroom stock before the firm's relocation to its new £4.5m store and ...