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17 May
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Europe close: Stocks end flat as investors monitor US debt talks

European markets were little changed on Wednesday amid what appeared to be slightly positive headlines around the US debt ceiling negotiations.

17 May
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Ferrexpo 'not aware' of any links to corruption allegations

Ferrexpo issued an update on Wednesday afternoon, in response to press reports over alleged corruption involving the head or judges of the Supreme Court of Ukraine.

17 May
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London close: Stocks weaker as debt ceiling talks drag on

London stocks closed in negative territory on Wednesday, with investor sentiment clouded by ongoing talks in Washington over the US federal debt ceiling, with a deadline swiftly approaching.

17 May
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Thursday preview: Philly Fed index, Easyjet in the spotlight

The market spotlight will continue to focus on the US come Thursday.

17 May
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Broker tips: Oxford Instruments, Rentokil

HSBC initiated coverage of Oxford Instruments on Wednesday with a ‘hold’ rating and 2,900p price target as it said it is an undisputed expert in its field but that a strong share price performance since March 2020 might be stalled by export restrictions and change at the helm.

17 May
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Kinovo flags robust full-year performance

Compliance and sustainability-focussed property service provider Kinovo described a robust financial performance for the year just ended on Wednesday, as well as significant progress in its strategic growth objectives.

17 May
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FTSE 100 movers: JD Sports out of fashion; Melrose rallies

London’s FTSE 100 was down 0. 3% at 7,725. 02 in afternoon trade on Wednesday.

17 May
JD Sports says profits to pass £1bn this year; Shares fall

JD Sports Fashion said it expected annual profit to pass £1bn after a record result in the year to January 28 as buyers snapped up trainers in the shift towards leisurewear.

17 May
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EKF Diagnostics trading well as it progresses fermentation investment

EKF Diagnostics reported first-quarter trading that met expectations in an update on Wednesday, following the strong growth of its point-of-care and life sciences businesses in 2022.

17 May
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Director dealings: HSBC execs spend almost £0.5m, UKCP REIT director invests

HSBC was at the top of the list of director buys on Wednesday, after two of its executives purchased shares under its 2011 share plan.

17 May
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Newmark Security confirms return to profitability

Electronic, software and physical security systems provider Newmark Security confirmed a return to profitability in the financial year just ended on Wednesday.

17 May
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US open: Stocks higher on debt ceiling optimism,

Wall Street's main market gauges were making modest gains on the back of positive headlines around the debt ceiling negotiations.

17 May
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Margin expansion and interest rates boost MTI Wireless Edge

MTI Wireless Edge reported revenue of $11. 3m in the March quarter on Wednesday, representing a 1% year-on-year increase.

17 May
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DSW Capital ends tough year in line with expectations

Professional service company DSW Capital said in an update on Wednesday that it expected revenue and adjusted pre-tax profit for the financial year just ended to align with current market expectations.

17 May
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US housing starts register slight rise in April, permits dip

Homebuilding activity in the States rose a bit last month, but from a lower than expected base.

17 May
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Gamma upbeat on positive start to year

Gamma Communications reported positive growth momentum across all three of its operating segments in a trading update on Wednesday, reiterating its guidance for the rest of the year.

17 May
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IHG appoints Greater China boss Bulley as Americas CEO

InterContinental Hotels said on Wednesday that Jolyon Bulley will succeed Elie Maalouf as chief executive officer of the Americas.

17 May
Coats shares fall as revenue declines 7%

Shares in Coats fell on Wednesday as the industrial thread and global footwear component maker held annual guidance, with results expected to be weighted to the second half.

17 May
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Further rate rises likely should inflation persist - BoE governor

The Bank of England will continue hiking interest rates if inflationary pressures persist, its governor warned on Wednesday.

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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.