Equities have retraced pretty much all of yesterday’s losses in early trading as confidence floods back into the market, but The Trader Nicole Elliott points out that professional investors are beginning to question valuations.
IC TIP UPDATES:
Royal Mail Group (RMG) has admitted that one of its operations in France has received notice from competition authorities there that it has allegedly breaching anti-trust laws. The company says it is investigating and can’t yet quantify any losses although they ‘could be material’. We maintain our sell rating.