Bank believes Pearson has finally turned the page

As 2017 draws to a close, investors in Pearson are no doubt looking forward to saying goodbye to a year to forget. Hopes that the fortunes of the educational publisher may recover in 2018, however, pushed it up the FTSE 100 leaderboard yesterday. JP Mo…

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DS Smith hunting for deals as higher costs weigh down profits

Its rivals include Smurfit Kappa, RPC Group and Mondi, a FTSE 100 member that issued a profit warning in October on the back of rising costs and painful currency movements. DS Smith said its outlook remains positive and it is starting its second half with “good momentum”. “While input cost pressures …

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Industrial strategy: some people actually find it fun

Zoran Bogdanovic, who started his career as an auditor with Arthur Andersen, joined the FTSE-100 soft drinks group in 1996 and rose to chief financial officer, then general manager of its Croatian unit. The Criat went on to run its Swiss operations, th…

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Sportingbet owner takes £3.9bn punt on Ladbrokes

The online gambling operator behind Sportingbet and Foxy Bingo will be propelled into the FTSE 100 index after agreeing the outline of an audacious takeover of Britain’s biggest bookmaker in a deal worth up to £3.9 billion. GVC Holdings, which also owns the Party Poker and Betboo websites, …

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Your five-minute digest

2 GVC Holdings, the online gambling operator behind Sportingbet and Foxy Bingo, will be propelled into the FTSE 100 index after agreeing the outline of a takeover of Britain’s biggest bookmaker Ladbrokes Coral Group in a deal worth up to £3.9 billion. The deal would create one of the world’s biggest …

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HONDURAS: Latin American Countries Support Presidential Vote Recount

The governments of Argentina, Chile, Colombia, Guatemala, Mexico, Paraguay, Peru and Uruguay expressed collective support to the Electoral Council of Honduras’ decision to proceed with a full vote recount after the opposition has cast doubts on offici…

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New Zealand Q3 Manufacturing Activity Volume Rises 0.3%

The total vole of manufacturing activity in New Zealand climbed 0.3 percent on quarter in the third quarter of 2017, Statistics New Zealand said on Friday.

That was down from the 1.0 percent jump in the second quarter.

Of the 13 manufacturing indust…

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VENEZUELA: Opposition Denounces 4,000 Cases Of Human Rights Violation

More than 4,000 cases of human rights violation were recorded in Venezuela in 2017, according to Delsa Sol?rzano, an opposition representative who chairs the Permanent Commission on Internal Policy of the National Assembly.

In a report released at a …

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Japan Data On Tap For Friday

Japan is scheduled to release a raft of data on Friday, setting the pace for a busy day in Asia-Pacific economic activity.

On tap are October numbers for current account and labor cash earnings, plus November figures for bank lending and the eco watc…

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New Zealand Manufacturing Activity Volume Gains 0.3% In Q3

The total vole of manufacturing activity in New Zealand was up 0.3 percent on quarter in the third quarter of 2017, Statistics New Zealand said on Friday.

That was down from the 1.0 percent jump in the second quarter.

By value, manufacturing activit…

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Treasuries Show Notable Move To The Downside In Afternoon Trading

After showing a lack of direction in morning trading on Thursday, treasuries showed a notable move to the downside over the course of the afternoon.

Bond prices slid firmly into negative territory after moving notably higher over the two previous ses…

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A FTSE 100 trade that delivers more than just paper profit

What’s the most profitable trade in the FTSE 100? Long HSBC, short Barclays? Long ABF’s Primark, short Marks and Spencer? No. It’s long paper in the UK, short containerboard in continental Europe. Or, rather: DS Smith. It’s also something of a trick question, of course. That last “trade” is more a …

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BRAZIL: House Speaker Says Pension Reform Bill Still Lacks Enough Votes

The Brazilian House of Representatives Speaker Rodrigo Maia said that the government is “facing a hard time to get enough votes” for the pension reform bill. “But we will get there,” he added.

According to him, there is no schedule yet for a floor vo…

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U.S. Consumer Credit Jumps $20.5 Billion In October, More Than Expected

Consumer credit in the U.S. increased by more than anticipated in the month of October, according to a report released by the Federal Reserve on Thursday.

The Fed said consumer credit spiked by $20.5 billion in October after surging up by a downwardl…

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MEXICO: Annual Inflation Accelerates In November

Mexico’s National Consumer Price Index rose 6.63% in November from a year before, remaining way above the 4% limit set by the country’s central bank. It also accelerated when compared to the 6.37% rate posted in October.

The annual inflation in Nove…

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Dollar Trading Mixed Ahead Of Jobs Report

The dollar is turning in a mixed performance against its major rivals Thursday afternoon. Traders are keeping a close eye on Washington this week and are becoming more optimistic that lawmakers will pass a short-term spending bill to avoid a governmen…

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