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UK's Burberry at 14-yr low after CEO exit, dividend suspension

BUZZ-UK's Burberry at 14-yr low after CEO exit, dividend suspension Updates ** Burberry BRBY.L shares crash nearly 18% to over 14-year low of 729p, making it worst FTSE 100 .FTSE stock in 2024 ** British luxury group's CEO Jonathan Akeroyd to leave immediately; to be replaced by former Michael Kors boss Joshua Schulman ** BRBY suspends dividend pay
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Hargreaves Lansdown, Spectris, Wizz Air

EUROPE RESEARCH ROUNDUP-Hargreaves Lansdown, Spectris, Wizz Air July 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Hargreaves Lansdown, Spectris and Wizz Air, on Friday. HIGHLIGHTS * Hargreaves Lansdown HRGV.L : JP Morgan raises target price to 684p from 671p * Spectris Plc SXS.L : Jefferies cuts target price to 4190p from 4435p * Spirax-Sarco SPX.L : Jefferies cuts target price to 9580p from 9690p * Weir Group WEIR.L : Jefferi
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Pound hits four-month high on upbeat British GDP, hawkish chief economist

UPDATE 1-Pound hits four-month high on upbeat British GDP, hawkish chief economist Updates at 0700 GMT, adds analyst comment, chief economist context LONDON, July 11 (Reuters) - Sterling GBP=D3 rose to its highest in four months on Thursday, after data showed the UK economy grew more quickly than expected in May, potentially lowering the chances of an August rate cut.
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UK Labour's win: a burden for Diversified Financials and Insurance, a relief for Utilities

LIVE MARKETS-UK Labour's win: a burden for Diversified Financials and Insurance, a relief for Utilities STOXX 600 up 0.5% FTSE 100 +0.3%, FTSE 250 +1% Labour wins big majority Payrolls in focus S&P futures steady Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com UK LABOUR'S WIN: A BURDEN FOR DIVERSIFIED FINANCIALS AND INSURANCE, A RELIEF FOR UTILITIES With a centre-left Labour winn
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Labour win brings few hopes or fears to London's financial district

ANALYSIS-Labour win brings few hopes or fears to London's financial district Recasts with result of UK election, comments from City of London Corporation, JP Morgan, Kroll By Sinead Cruise and Huw Jones LONDON, July 5 (Reuters) - Labour's landslide election win shows few signs of unsettling London's financial heartland after the party's lengthy pro-business overtures, though many in finance remain wary they could be targeted to prop up Britain's stretched public finances further down the line.
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Labour win brings few hopes or fears to London's financial district

ANALYSIS-Labour win brings few hopes or fears to London's financial district Recasts with result of UK election, comments from City of London Corporation, JP Morgan, Kroll By Sinead Cruise and Huw Jones LONDON, July 5 (Reuters) - Labour's landslide election win shows few signs of unsettling London's financial heartland after the party's lengthy pro-business overtures, though many in finance remain wary they could be targeted to prop up Britain's stretched public finances further down the line.
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London's FTSE 100 hits over two-month low amid election jitters

UPDATE 2-London's FTSE 100 hits over two-month low amid election jitters For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 down 0.6%, FTSE 250 off 0.1% Sainsbury falls after maintaining annual financial guidance Energy shares gain on higher oil prices British election in focus Updated at 1550 GMT By Purvi Agarwal and Pranav Kashyap July 2 (Reuters) - London's benchmark stock index closed at more than a two -month low on Tuesday as
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Rivian jumps as $5 bln Volkswagen investment signals 'vote of confidence'

UPDATE 3-Rivian jumps as $5 bln Volkswagen investment signals 'vote of confidence' Stock set for best day Investment to also help Rivian's plans to develop future models Analysts see deal as "red flag" for Aptiv's software business Updates shares, market capitalization and adds stock milestones in paragraphs 1,6 and 12 By Akash Sriram June 26 (Reuters) - Rivian Automotive RIVN.O surged about 3 6% on Wednesday after a $5 billion investment from Volkswagen offered the loss-making startup more fire
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Rivian jumps on Volkswagen's $5 billion 'vote of confidence' investment

Rivian jumps on Volkswagen's $5 billion 'vote of confidence' investment June 26 (Reuters) - Rivian Automotive RIVN.O surged 36% premarket on Wednesday after a $5 billion investment from Volkswagen VOWG_p.DE offered the loss-making startup more firepower to scale production in a slowing electric-vehicle market. The investment will also bolster Rivian's depleting cash reserves, further its target of becoming profitable on a gross margin basis later this year and help it compete better in a market
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European shares gain, Aussie jumps, yen teeters near 160

European shares gain, Aussie jumps, yen teeters near 160 Updates at 0827 GMT By Samuel Indyk and Ankur Banerjee LONDON, June 26 (Reuters) - European stock markets were higher on Wednesday as the market braced for a French election and a key U.S. inflation reading, while the yen lurked just shy of 160 per dollar level, keeping traders on alert for possible intervention.
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Volkswagen stock slips on cost, implications of Rivian JV; Rivian soars

UPDATE 4-Volkswagen stock slips on cost, implications of Rivian JV; Rivian soars Adds details on Rivian, analyst comment, updates shares, paragraphs 2, 3, 5, 10, 14-16 VW software unit Cariad 'should and will disappear' - analyst JV keeps Volkswagen's capital spending high Rivian rises as much as 37% on Wednesday Funds to help Rivian compete better against Tesla By Victoria Waldersee, Akash Sriram BERLIN, June 26 (Reuters) - Volkswagen VOWG_p.DE shares fell 2% on Wednesday as investors worried a
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European stocks fall after Nvidia slump, US futures tick up

GLOBAL MARKETS-European stocks fall after Nvidia slump, US futures tick up Updates at 1125 GMT By Harry Robertson and Stella Qiu LONDON/SYDNEY, June 25 (Reuters) - European stocks fell on Tuesday after a 7% drop in chipmaker Nvidia on Monday soured the mood, but U.S. equity futures pointed higher after falling the previous day. Stock market indices remained close to record highs as investors shifted into less flashy names.
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British Business - June 25

PRESS DIGEST-British Business - June 25 June 25 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - American activist hedge fund Engine Capital managing member Arnaud Ajdler has called for the break-up or sale of C&C Group GCC.L , saying the drinks company is a "perennial underperformer" that suffers from a combination of "structural and self-inflicted" problems.
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Hargreaves Lansdown, Segro, Umicore

EUROPE RESEARCH ROUNDUP-Hargreaves Lansdown, Segro, Umicore June 19 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Hargreaves Lansdown, Segro and Umicore, on Wednesday. HIGHLIGHTS * GEA Group AG G1AG.DE : Jefferies raises to buy from hold * Hargreaves Lansdown HRGV.L : Jefferies cuts to hold from buy * Oxford Instruments OXIG.L : Berenberg raises target price to 2,945p from 2,640p * Segro SGRO.L : Jefferies cuts to hold from buy *
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Steady as she goes

LIVE MARKETS-Steady as she goes Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at alun.john @thomsonreuters.com . STEADY AS SHE GOES European shares are set to rise at the open on Wednesday - is last week's turmoil all over and done with? - though sticky services inflation could prove a small wrinkle for British names.
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UK Stocks-Factors to watch on June 19

UK Stocks-Factors to watch on June 19 June 19 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down 0.15%. * ANGLO AMERICAN: Anglo American's AAL.L copper output at its Los Bronces mine in Chile is expected to fall nearly a third from average historical levels next year as the miner pauses a processing plant for maintenance, the company's Chile head said.
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Financial Times - June 19

PRESS DIGEST-Financial Times - June 19 June 19 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Hargreaves Lansdown backs 5.4-billion-pound private equity takeover - Serco settles landmark shareholder lawsuit - Shell beats Saudi Aramco to Temasek's LNG business - Swiss regulator finds HSBC violated money laundering rules Overview - The board of Hargreaves Lansdown HRGV.L said it was wil
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British Business - June 19

PRESS DIGEST-British Business - June 19 June 19 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - A CVC-led bidding consortium has lifted its informal offer for Hargreaves Lansdown HRGV.L to 5.4 billion pounds ($6.86 billion) and taken the unusual step of offering existing shareholders the chance to share in the investment platform's future success.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Octopus Energy June 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday: ** British power supplier Octopus Energy has entered the U.S. renewables market for the first time with the acquisition of two solar energy farms. nL8N3IG114 ** The Spanish government could set additional conditions on BBVA's BBVA.MC 12-billion-euro ($12.85 billion) takeover bid for smaller rival Sabadell SABE.MC , the he
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Hargreaves confirms proposal from led consortium, extends deadline

Hargreaves confirms proposal from CVC-led consortium, extends deadline June 18 (Reuters) - Hargreaves Lansdown HRGV.L confirmed on Tuesday that it received a 5.41 billion pounds ($6.87 billion) proposal from a CVC-led consortium and is extending the deadline to make a firm offer for British investment platform by a month. ($1 = 0.7880 pounds) Repor
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