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Latest News
16 Jun
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Motorpoint unveils plans to double revenues

Motorpoint Group is to ramp up its e-commerce offering as looks to double annual revenues to more than £2bn, the car retailer confirmed on Wednesday.

16 Jun
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US import prices jump past forecasts in May

The cost of goods purchased overseas jumped past forecasts last month, even if those exported increased in price even faster.

16 Jun
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Lincoln expects half of its car sales to be all-electric models by 2026

Ford Motor’s luxury carmaker brand Lincoln, expects at least 50% of its sales to come from all-electric cars by 2026.

16 Jun
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Wednesday broker round-up

Pets At Home: Berenberg reiterates buy with a target price of 540p.

16 Jun
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US housing starts rise in May, even as sector comes off the boil

Housing starts rose last month but by less than anticipated, alongside a continued decline in permits for new construction, pointing to a residential market that was coming off the boil.

16 Jun
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Filta Group sees increasing levels of demand

Fryer management and commercial kitchen services company Filta Group said on Wednesday that it was still experiencing increasing levels of demand in all of its territories.

16 Jun
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Consulting firm Elixirr lifts expectations amid strong trading

Challenger consultancy firm Elixirr International said on Wednesday that trading in the five months to 31 May was “strong”, with revenue increasing by more than 75% year-on-year.

16 Jun
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CMA says funeral operators must make prices clearer

Funeral directors and crematorium operators will need to make their prices more clear to customers or risk court action, the Competition and Markets Authority said on Wednesday.

16 Jun
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Chinese retail sales, factory output miss forecasts

China’s ongoing economic recovery appeared to have stumbled on Wednesday, after official data came in below expectations.

16 Jun
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Cora Gold announces fifth set of results from Sanankoro drilling campaign

West Africa-focussed Cora Gold announced the fifth set of drill results, and the first from Zone A, from its largest ever drilling campaign at the Sanankoro Gold Project in southern Mali on Wednesday.

16 Jun
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Made.com valued at £775m as it debuts on London market

Made. com Group saw its shares drop sharply on Wednesday, as the online furniture retailer made its London debut.

16 Jun
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Hurricane progresses plans to plug and abandon Lincoln-14

UK-based oil and gas company Hurricane Energy updated the market on operations to plug and abandon the Lincoln-14 well on the South licence in the Greater Warwick Area on Wednesday, which Hurricane operates on behalf of the GWA 50-50 joint venture with Spirit Energy Resources.

16 Jun
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Jangada Mines reports updated resource estimate for Pitombeiras

Natural resources company Jangada Mines released an updated 'NI 43-101-compliant mineral resource estimate for the Pitombeiras North and South targets at its wholly-owned Pitombeiras vanadium project in the Brazilian state of Ceará on Wednesday.

16 Jun
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House prices ease for first time in nearly a year - ONS

House prices eased in April, official data showed on Wednesday, ending eleven consecutive months of rises.

16 Jun
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Iran nuclear deal must wait until formation of new government

Returning to the 2015 Iran nuclear accord will have to wait until the formation of a new Iranian government, said the head of the UN nuclear watchdog on Wednesday.

16 Jun
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Citi sees Q2 trading revenues falling by a third

Citigroup's trading revenues could drop by nearly a third during the second quarter as the pandemic-fuelled boom loses steam.

16 Jun
Europe midday: Shares hold gains as investors eye Fed meeting

European shares were still higher at lunchtime as investors awaited any news from the US Federal Reserve meeting on tapering asset purchases.

16 Jun
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London midday: Stocks pare gains ahead of Fed, after UK inflation

London stocks had pared gains by midday on Wednesday as investors digested news that inflation jumped past the Bank of England’s 2% target in May for the first time in nearly two years and looked ahead to the latest policy announcement from the Federal Reserve.

16 Jun
TGI Fridays
Electra to list Hostmore as vehicle for TGI Friday 63rd+1st brands

Private equity outfit Electra on Wednesday said it planned to demerge its TGI Fridays restaurant and bar chain later this year via a new listed vehicle.

16 Jun
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Christie Group trading well, expects strong first half

Professional services provider Christie Group said on Wednesday that the recovery that first emerged in the second half of its 2020 financial year had continued, as it traded in line with market expectations.