FULL LIST OF STORIES
28 Apr
S&P reaffirms AA rating on UK, outlook clouded by Brexit
Britain, UK flag

Standard&Poor's reaffirmed its rating on the United Kingdom's long-term sovereign debt but warned of the potential impact on the economy from the uncertainty around the Brexit negotiations and their eventual outcome.

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28 Apr
Europe close: Weak US, UK GDP weigh on shareson the continent
Wall street america US USA signs

European stocks ended the day on a mixed note after weak readings on UK and US GDP dragged many indices into the red at the end of the month.

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28 Apr
Sector movers: Industrial Metals and Mining stocks lead gains
cbmryen

Industrial metals and mining stocks paced gains in the last session of the week on reports of falling copper and zinc stockpiles in Shanghai, amid speculation demand for steel might be set to head higher.

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28 Apr
US GDP growth slows more than expected in Q1 2017
capitolio

Economic activity in the States slowed at the start of the year, weighed down by a slowdown in the pace of inventory accumulation, lower public spending and increased imports.

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28 Apr
US open: Weak Q1 GDP weighs on stocks, economists sanguine
bandera EEUU USA

Wall Street was set to limp into the weekend following a weak reading on first quarter economic growth, although the Nasdaq Composite was climbing further into record territory on the back of positive results from the biggest of the so-called FANG stocks.

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28 Apr
Renishaw gains on speculation probes may be used in iPhone 8
renishaw

Stock in Renishaw shot higher on speculation the company's products are likely to be used in Apple's iPhone 8.

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28 Apr
Results round-up

Royal Bank of Scotland broke into the black in the first quarter of 2017, the first quarterly profit since 2015 as income, costs and margins all improved.

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28 Apr
Week ahead: US FOMC, jobs report, French elections in focus
italy italian flag

The coming week is replete with top-tier economic data and potential risk events.

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28 Apr
US employment costs rise at fastest pace since end of 2007
bandera EEUU USA

Employment costs in the US rose in the first quarter at their fastest clip since the end of 2007, led by gains for both private sector wages and benefits.

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28 Apr
Bank of America- Merrill Lynch sees FTSE 100 at 7,750 in 12 months
mining truck, commodities, minerals, iron ore

Bank of America-Merrill Lynch thinks demand for commodities and the global cycle will push the FTSE 100 to 7,750 points in 12 months' time.

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28 Apr
Broker tips: Drax, Stagecoach, Micro Focus
trois-ex-traders-de-barclays-reconnus-coupables-dans-l-affaire-du-libor

Drax surged on Friday as Barclays upgraded the stock to ‘overweight’ from ‘equalweight’ and lifted the price target to 410p from 400p saying post-results weakness was unjustified.

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28 Apr
Europe midday: Stocks rise amid strong fund flows, economic data
Bank of America-Merrill Lynch, City view plaza, San Jose by Michael Gray

European stocks were seeing some buying interest after data showing inflows into euro area stocks were at their strongest since December 2015 and following the release of several stronger than expected reports on the Eurozone economy, including on money supply dynamics and consumer prices.

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28 Apr
UK Q1 GDP - Analysts react
Britain, UK flag

"Within the details of the latest GDP release, sectors with exposure to household spending had the biggest negative impact on growth. For example, the distribution, hotels and restaurants sector saw a contraction of 0. 5% of GDP, which was the first fall for the sector since the end of 2012. The transport, communication and storage sector also saw its first contraction since 2013. Looking ahead, unless households manage to achieve higher pay growth, we are likely to see the cost of living squeeze continue into the second quarter.

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28 Apr
Euro jumps as core CPI outstrips economists' forecasts in April
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Consumer prices in the euro area beat forecasts by a comfortable margin in April, especially at the 'core' level, as services prices accelerated.

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28 Apr
HSBC downgrades Stagecoach, positive on National Express
Stagecoach bus, transport

Analysts at HSBC downgraded their recommendation and lowered their target price on shares of Stagecoach, in light of the company's "high levels" of off-balance sheet debt together with continued concerns around its rail franchise and UK bus operations.

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28 Apr
Takeover bid from Japan Tobacco on Imperial Tobacco extremely unlikely, Citi says
ep fabrica cigarrillos philip morris

A takeover bid for Imperial Tobbaco from its Japanese rival, Japan Tobacco was unlikely, analysts at Citi said.

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28 Apr
Smooth sailing for Ultra Electronics despite rough seas
Submarino Rusia

Against a backdrop of continuing regional tensions and conflicts, things were continuing to look up for Ultra Electronics, the company told shareholders ahead of its annual general meeting later in the day.

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28 Apr
German retail sales edge past forecasts in March
europe germany map france uk britain spain

Retail sales in the euro area's largest economy registered a slight increase last month, led by turnover in the home furnishings, household appliances and builders' ware categories.

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28 Apr
Europe open: US tech results weigh on stocks in early trading
alphabet google logo

European stocks were treading water at the start of the session despite a slightly stronger-than-expected batch of earnings from various US tech heavyweights overnight and amid simmering tensions with North Korea.

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28 Apr
French GDP expands as expected in Q1 despite slump in trade
Paris, eiffel tower, France, French

France's economy slowed a tad at the start of the year as household spending took a breather and amid a big drag from foreign trade.

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