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Market report: UK shares open slightly higher as investors await US-China trade deal announcement

Miners led the market higher on Wednesday as investors eyed a US-China trade announcement ahead of the long Thanksgiving weekend. The FTSE 100 traded 0.13% higher at 7,412 while the more domestically focused FTSE 250 was 0.2% lower at 20,824 points. Tobacco giant British American Tobacco (BATS) released its second half pre-close trading update and guided for currency adjusted revenues growth in ...

Market report: Fast fashion retailers in the spotlight as resources drag on FTSE 100

On the day that the top job is advertised at the Bank of England it is figures from fast fashion businesses Boohoo (BOO:AIM) and Primark, and its owner Associated British Foods (ABF) that are likely to grab investor attention. Primark-owner AB Foods has reported half year revenue of £7.5bn and adjusted operating profit of £639m, largely flat year-on-year but it is the low cost fashion arm ...

Market report: Brexit crunch talks this afternoon drag on markets, UK engineer Smiths to do the splits

UK stock markets plunged into the red in early trade on Wednesday as crunch time approaches over Brexit. On Tuesday Theresa May agreed the text of a draft withdrawal agreement with the EU and has called a meeting of senior ministers at Downing Street at 2pm today to approve the draft agreement. But investors are clearly far from convinced that any deal will get the votes needed potentially ...
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