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14 Mar
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Asia report: SVB fallout sees financial stocks drag on markets

Stock markets across Asia experienced a sharp decline on Tuesday as the collapse of Silicon Valley Bank continued to impact the financial sector.

14 Mar
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Tuesday preview: US CPI, UK employment in focus

The market spotlight on Tuesday was expected to continue to be on the banking sector with investors keen to see whether the relative calm in the US was mirrored on this side of the Pond.

14 Mar
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Broker tips: Coats, Bunzl, HSBC

Analysts at Berenberg slightly raised their target price on thread manufacturer Coats Group from 90. 0p to 100. 0p on Monday after the group's recent results demonstrated "a strong performance".

14 Mar
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Director dealings: Wife of IP Group chairman makes share purchase

IP Group revealed on Monday that Fiona Flint had acquired 46,000 ordinary shares in the intellectual property investor.

13 Mar
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US open: Stocks higher as Biden declares US banking system to be 'safe'

Wall Street stocks opened higher as market participants digested comments from Joe Biden on the state of the US banking system in the wake of Silicon Valley Bank's collapse.

13 Mar
13 Mar
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Biden says that US banking system is 'safe'

US President Joe Biden told Americans that the country's banking system was safe and vowed to push for stricter regulations.

13 Mar
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Direct Line swings to full-year loss

Insurer Direct Line said on Monday that it swung to a full-year loss as it took a hit from inflation, and warned that 2023 earnings will be impacted by higher-than-expected claims inflation in the motor business.

13 Mar
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Berenberg slightly raises target price on Coats Group

Analysts at Berenberg slightly raised their target price on thread manufacturer Coats Group from 90. 0p to 100. 0p on Monday after the group's recent results demonstrated "a strong performance".

13 Mar
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First Republic plunges in SVB fallout despite fresh funding

Shares in First Republic Bank were plummeting in early trading on Wall Street on Monday, despite the bank securing a fresh injection of funding over the weekend.

13 Mar
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'HSBC built for times like this', BofA says, stays at 'buy'

Analysts at Bank of America reiterated their 'buy' recommendation on shares of HSBC telling clients that the lender was "built for times like these".

13 Mar
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PE firm Advent among suitors for sandwich chain Subway

Advent International is reportedly one of several private equity firms that have progressed through to the second stage of an auction of sandwich chain Subway.

13 Mar
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Diaceutics shares resume trading after HSBC buys SVB UK

Pharmaceutical technology and service provider Diaceutics announced at mid-morning on Monday that the temporary suspension of its shares on AIM would be lifted.

13 Mar
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UK retail footfall drops amid extreme weather

Retail experts MRI Springboard revealed on Monday that wild weather last week had heavily impacted high street retailers, leading to a drop in weekly footfall.

13 Mar
HSBC buys SVB UK unit after frantic overnight talks

HSBC has bought the UK arm of stricken Silicon Valley Bank for a nominal £1, the Asia-focused bank said on Monday after a night of frantic negotiations involving government ministers and Bank of England officials.

13 Mar
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Gilt yields drop as investors rush to safety

Gilt yields slid on Monday, with investors rushing to safety as the collapse of Silicon Valley Bank continued to rattle markets.

13 Mar
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US pre-open: Stocks mixed ahead of Biden speech, emergency Fed meeting

Wall Street futures were mixed ahead of the bell on Monday as market participants awaited comments from Joe Biden and the outcome of an emergency Federal Reserve meeting in the wake of Silicon Valley Bank's collapse.

13 Mar
Europe midday: Shares extend losses as SVB fallout spooks investors

European shares continued to plunge on Monday as attempts to limit the fallout from the collapse of Silicon Valley Bank and the rescue of its UK arm by HSBC failed to reassure investors.

13 Mar
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London midday: Banks pace decline as stocks tumble on SVB woes

London stocks had tumbled by midday on Monday, with banks under the cosh again as the fallout from the collapse of Silicon Valley Bank continued to rattle markets.

13 Mar
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Pfizer to buy Seagen in $43bn cash deal

Biotech company Seagen surged in pre-market trade on Monday after agreeing to be bought by Pfizer in a $43bn cash deal.

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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.

The value of investments can fall and you may get back less than you invested.