3 companies set to be ejected from the FTSE 100

As many as four companies are in danger of receiving the boot from the FTSE 100 in the last quarterly reshuffle of 2017. The FTSE committee will publish its decision on Wednesday, based on market capitalisations at Tuesday’s closing share prices. However, as things stand Babcock International and …

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Iain Dey: Why those market swings are so wild

Buy shares in Centrica. I say this not based on any view on the (slightly dubious) long-term prospects of the utility giant, or on its (occasionally baffling) strategy. But rather as a commentary on the nature of the stock market these days. Once upon …

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Fast companies on top track

Clare Gilmartin, chief executive of Trainline, above, said the ticket retailer used technology to “make everyday life a little easier”. Simon Arora, chief executive of value retailer B&M, urged companies to be ambitious. “Don’t think 20 shops; think I want to create a FTSE 100 business,” he said. The Sunday …

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Rivals set to take a bite out of Just Eat

It ascent into the FTSE 100 will be confirmed this week. Sainsbury’s, by contrast, has had to get by on somewhat thin gruel; unappetising trading figures pushed its value below £5bn. Just Eat’s rise has been remarkable. Founded in Denmark in 2001, it exploded only in the early Noughties and has …

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Rivals set to take a bite out of Just Eat

It ascent into the FTSE 100 will be confirmed this week. Sainsbury’s, by contrast, has had to get by on somewhat thin gruel; unappetising trading …

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Mixed Results for Asian Shares as China Achieves Three-Month Low

Friday saw Asian shares drop below their 10-year peak while Chinese stocks dropped to three-month lows. While global economic growth and increased corporate revenue have supported the Asian market, investors noted a fall in Chinese shares. Japanese sha…

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S&P Keeps India's Rating Unchanged

Standard & Poor’s on Friday maintained sovereign ratings of India with a ‘stable’ outlook.

The credit rating was kept unchanged at ‘BBB-‘, which was the lowest investment grade. The ratings on India reflect the country’s strong GDP growth, sound …

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Revolt forces Rio Tinto to ditch plan to hire Conservative chief Davis

The FTSE-100 mining group Rio Tinto (Hanover: CRA1.HA – news) has abandoned plans to appoint the Conservative Party’s boss as the company’s next chairman in the wake of a full-scale investor revolt. Sky News has learnt that Sir Mick Davis is “no longer in the running” to replace Jan du Plessis less …

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Man killed in collision

At 7.45am the man was at the wheel of a Ford Focus when the car left the road and collided with a street sign as it turned from Hollowhead Road into Hollowhead Avenue. He was taken to Blackburn Royal Infirmary where he was sadly pronounced dead. It’s believed he may have suffered a medical …

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Woman’s body found

Officers were called to the park shortly before 9am this morning (Saturday November 25) by a runner who had spotted the woman on the river bank, close to the footbridge. Her death is currently being treated as unexplained. The woman has yet to be forma…

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ARGENTINA: Merval Rises And Gains 1.22% On The Week

Merval, the main index of the Buenos Aires Stock Exchange, rose 0.62% Friday, closing at 27,463.27 points, amid a low trading volume caused by the Thanksgiving holiday in the United States. During the week, the Merval gained 1.22%.

“On a boring day, …

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BRAZIL: Ibovespa Falls Amid Worries On Pension Reform

Ibovespa, the benchmark stock market index in Brazil, closed down 0.44% at 74,157.37 points Friday, driven by the increase of investors’ worries on the government’s tight timeframe to get the pension reform bill voted by the House of Representatives.

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COLOMBIA: Santos Promises Military Offensive Against FARC Dissidents

The Colombian government intends to launch a full-scale military offensive against dissident cells of the former Revolutionary Armed Forces of Colombia (FARC) guerrilla, according to the country’s president, Juan Manuel Santos.

FARC’s dissents repre…

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BRAZIL: Tax Revenue Shrinks 20.7% In October From A Year Before

Brazilian government revenue in October fell 20.73% from a year before, to R$ 121.144 billion (US$ 37.4 billion), since in the same month of 2016 there was an extraordinary gain of R$ 45 billion from a program to stimulate taxpayers to bring back asse…

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COLOMBIA: Colcap Falls 0.25% Amid Low Trading Volume

Colcap, the main index of the Colombian Stock Exchange, was down 0.25%, at 1,448.37 points Thursday in a slow session with fewer transactions due to a holiday in the United States.

Erika Baquero, an analyst at Alianza Valores, said that the whole ses…

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Centrica loses 823000 customers in second half of 2017

The UK energy supplier and owner of British Gas, Centrica, has announced its loss of 823,000 accounts between the end of June and the end of October. The company warned that its full year earning will be lower than market forecasts predicted due to com…

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ARGENTINA: Economy Grows 3.8% In September

The Argentinean economy grew by 3.8% in September compared to the same month of the previous year, according to the Monthly Economic Activity Estimator (EMAE).

Despite recording a slowdown compared to the 4.3% growth in August and decelerating to the…

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ARGENTINA: Trade Balance Posts US$ 955 Million Deficit In October

Argentina’s trade balance recorded a US$ 955 million deficit in October, said the country’s statistics office. A year earlier, Argentinean had a US$ 54 million trade deficit.

On an annual comparison, exports rose 10.8% in October, totaling US$ 5.241 …

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BRAZIL: Ibovespa Cuts Losses And Ends Stable Amid Rumors Of Reform Vote

Ibovespa, the benchmark stock market index in Brazil, reduced losses to close slightly down (-0.04%) THursday at 74,486.57 points, influenced by rumors that the Brazilian government intends to get its pension reform bill voted by the House of Represen…

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BRAZIL: Pension Reform Voting Timeframe Is Challeging, Say Key Lawmakers

Brazilian House of Representatives speaker Rodrigo Maia and the lawmaker in charge of presenting the pension reform bill to the House floor, Arthur Maia, believe that there is a slim chance of passing that legislation in Congress before the next year’…

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ARGENTINA: Loans To The Private Sector Grew 4.2% In September

Bank loans to the Argentinean private sector grew 4.2% in September from a month before, said the country’s central bank. Peso-denominated credit lines increased 4.6%, while foreign currency loans were up 2.9%.

Compared to September 2016, total finan…

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BRF: Board Chooses Jos? Aur?lio Drummond Jr. As The New Global CEO

Brazilian food company BRF’s board of directors elected Jos? Aur?lio Drummond Jr. to replace Pedro de Andrade Faria as the company’s global CEO. The change was expected since August 31, when the BRF announced Faria’s departure.

Drummond, an engineer …

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