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18 Feb
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HSBC to cut 35,000 jobs after profit drops by one-third

HSBC said it would cut about 35,000 jobs in a radical business overhaul as the global bank reported a one-third fall in annual profit and wrote down more than $7bn (£5. 4bn) of assets.

18 Feb
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Europe close: Shares slump as coronavirus feeds into data and company updates

Stocks across the Continent were sent lower by a much weaker-than-expected reading on a key survey for the economic outlook in Germany and after technology giant Apple withdrew its sales guidance for the first quarter.

18 Feb
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Wednesday preview: UK CPI, Fed minutes in focus

The market spotlight on Wednesday will be on consumer price data for January and the minutes of the US central bank's most recent policy meeting.

18 Feb
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Director dealings: K3 CEO ups stake

K3 Business Technology revealed on Tuesday that chief executive Adalsteinn Valdimarsson had purchased 30,000 ordinary shares in the AIM-listed business solutions firm.

18 Feb
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Vodafone and Telecom Italia offer to share infrastructure with rivals - report

Vodafone and Telecom Italia have offered to share infrastructure with rivals to assuage regulators' concerns about their plan to form Italy's biggest mobile tower company, Reuters reported.

18 Feb
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London close: Stocks slip after Apple warns of coronavirus impact

London stocks fell further into the red on Tuesday, as a revenue warning from tech giant Apple sparked concerns about the impact of the coronavirus outbreak and the pound strengthened.

18 Feb
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Broker tips: Severn Trent, IQE, Tekmar

JP Morgan upgraded its price targets for UK water companies and its recommendation on Severn Trent after the regulator approved five-year plans and December's election removed the threat of nationalisation.

18 Feb
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EU competition commissioner open to US taking stake in Nokia, Ericsson

The European Union’s competition chief left the door open to the possibility for the US government to take a stake in the top 5G players on the continent, Nokia and Ericsson.

18 Feb
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US homebuilder sentiment dips in February

Improved sentiment among homebuilders in the eastern US failed to offset weakness in the West and Midwest last month, despite which attitudes remained near their most buoyant since 1999.

18 Feb
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4D Pharma raising at least £18m via placing and subscription

Live biotherapeutic pharmaceutical company 4D Pharma announced a proposed fundraising on Tuesday, by way of a placing and subscription of new ordinary shares and warrants, to raise gross proceeds of at least £18m via an accelerated bookbuild process.

18 Feb
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AfriTin makes progress at flagship Uis Tin Mine

Namibia and South Africa-focussed tin company AfriTin Mining updated the market on operations on its phase 1 pilot plant project at its flagship asset, the Uis Tin Mine in Namibia, on Tuesday/.

18 Feb
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Kerry Group profit rises on taste and nutrition

Kerry Group posted a 12% increase in annual profit as the Irish food company's taste and nutrition business increased revenue.

18 Feb
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Berenberg lowers target price on Tekmar as coronavirus takes its toll

Analysts at Berenberg lowered their target price on subsea cables provider Tekmar on Tuesday after the group warned that it had been by the Wuhan coronavirus outbreak.

18 Feb
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JP Morgan upgrades Severn Trent in bullish water companies update

JP Morgan upgraded its price targets for UK water companies and its recommendation on Severn Trent after the regulator approved five-year plans and December's election removed the threat of nationalisation.

18 Feb
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First-half losses widen as Feedback shifts focus

Medical imaging technology company Feedback released its unaudited results for the six months ended 30 November, reporting a 14% improvement in recognised revenue to £0. 27m.

18 Feb
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US open: Stocks head south as coronavirus bruises Apple

US stocks opened lower on Tuesday as traders returned from the President's Day long weekend to a revenue warning from tech giant Apple.

18 Feb
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FTSE 250 movers: Jupiter Fund Management gives back some gains; Petrofac rallies

London’s FTSE 250 index was down 0. 5% at 21,721. 44 in afternoon trade on Tuesday.

18 Feb
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Craven House raises $2m via placing with new investor

Craven House Capital has raised $2m (£1. 53m) gross via a placing, it announced on Tuesday.

18 Feb
bank of america
Coronavirus replaces trade war as risk for equities, BofA says

The coronavirus has replaced disputes over trade as one of the biggest risks to stock markets as optimism among fund managers weakens, a Bank of America survey showed.

18 Feb
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W Resources enters new Santander facility ahead of grant money

Spain and Portugal-focussed tungsten, tin and gold mining company W Resources has finalised a €5m (£4. 14m) facility with the Spanish bank, Banco Santander, it announced on Tuesday.

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Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.