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FTSE closes up as RBS dominates trading
Summary from the United Kingdom, from articles in English
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Its head Christopher Hohn blocked a bid by Deutsche Borse for the London Stock Exchange and ultimately led to the departure of Werner Seifert as chief executive of the German exchange. (article 1)
Bradford & Bingley lifted 5 per cent to 70.5p Miners succumbed to profit taking with Eurasian Natural Resources down 2.8 per cent to $14.04 and Vedanta off 2.2 per cent to $24.49. (article 1)
JP Morgan initiated Pearson, publisher of the Financial Times and US school text books, with an underweight rating and a 675p target. (article 1)
Shares in struggling home-shopping comany Findel fell as much as 8 per cent this morning as Goldman Sachs placed it on its conviction sell list and cut its target price from 330p to 180p. (article 1)
Findel warned in April that profits would be hit by a sudden rise in defaults from the customers to whom it extends credit. (article 1)
It has extended some $260 million in credit to its customers and Goldman warned that there was a risk that, as retail demand softened further, bad debts would snowball. (article 1)
It said the group had stopped growing and that without a big change in its capital structure - raising more cash from banks or a share issue - it would find it difficult to expand (article 1)
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Other summaries about this story:
Event tracking:
Story keywords
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cent, €, Shares, sector, FTSE |
Source articles
- RBS jumps on activist shake-up talk (business.timesonline.co.uk, 06/03/2008, 439 words)
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blaster@cs.columbia.edu
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