FTSE 100 movers: Provident Financial recovers; United Utilities goes ex-div
London, Londres

London's FTSE 100 was down 0. 3% to 7,426. 43 in afternoon trade.

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Sector movers: Diageo weighs on Beverages after costly takeover of Casamigos
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Pharma and Industrial engineering shares are at the top of the leaderboard amid supportive news-flow and broker commentary.

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Malvern launches first digital learning tech product with Playware
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Educational services provider Malvern International announced on Thursday that, following the strategic plan announced in November 2016 and as part of its collaboration with Playware Studios Singapore announced in January 2017, it was launching its first digital offering in the area of learning technology.

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Directa Plus teams up with Italian uniform manufacturer Alfredo Grassi
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Graphene-based product producer and supplier Directa Plus announced that it had entered into joint development agreement (JDA) with Alfredo Grassi, which it described as a manufacturer of customised protective clothing, workwear and uniforms for private and public organisations globally.

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Trans-Siberian Gold inks second debt facility at reduced cost
Gold bars

Trans-Siberian Gold clinched a second debt facility at a reduced cost.

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Milestone's Nexstar launches know-your-customer product
internet computers

Digital media technology company Milestone Group announced that Black Cactus Holdings - its joint venture partner in its subsidiary Nexstar - had launched a ‘know your customer’ (KYC) and anti-money laundering (AML) platform.

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Defenx enters into software distribution agreement with partner BV-Tech
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Cyber-security software group Defenx announced on Thursday that, further to the software acquisition and investment by BV-Tech announced on 11 April, the company entered into a software distribution contract as part of its strategic partnership with BV-Tech.

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US unemployment claims tick higher
bandera EEUU USA

US jobless claims edged slightly higher last week.

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Electrical Geodesics board tells shareholders to approve £29m Philips merger
Money coins pound

Neurodiagnostic medical technology company Electrical Geodesics (EGI) announced on Thursday that it had reached an agreement on the terms of a recommended acquisition under which Philips will acquire all of the outstanding shares of EGI for an aggregate consideration of £29m in cash, pursuant to the terms of an agreement and plan of merger entered into on 21 June between EGI, Philips, Merger Sub and others.

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LXB makes further letting progress at Rushden Lakes and Stafford Riverside

Jersey resident closed-ended real estate investment company LXB Retail Properties announced further progress on lettings at Rushden Lakes Phase 3 and at Stafford Riverside on Thursday.

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Prudent to wait until December to hike again, Fed's Harker says

In an interview with the Financial Times, the president of the Federal Reserve bank of Philadelphia, Patrick Harker, said it would be "prudent" for the US central bank to defer its next interest rate hike until December, instead of tightening at its September meeting.

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UK population increases at fastest rate since WW2

Britain's population has swelled to nearly 67 million with growth in the past year reaching the fastest rate in almost 70 years, official figures showed on Thursday, boosted by continued net international migration.

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Hornby says Phoenix offer 'significantly undervalues' company
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Model train set maker Hornby said on Thursday that the 32. 375p a share offer made by Phoenix UK Fund for the shares in the company it doesn't already own "significantly undervalues" the group and its future prospects.

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UK industrial trend improves more than expected - CBI survey says
ep industria manufacturera

UK manufacturing is bouncing back, the CBI industrial trends survey showed on Thursday as the headline total orders balance came in much higher than forecast.

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Europe midday: Oil shares slip towards seven-month low
Oil rig in Algeria, oil & gas, energy

European markets were holding lower, with investors pushing Oil&Gas shares to near seven-month lows, albeit against a backdrop of positive economic data and heavy news-flow news regarding continued deal-making in the corporate space.

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London midday: Stocks stay in the red despite encouraging manufacturing data
London, Londres

London stocks were holding onto losses by midday despite an upturn in oil prices and an encouraging reading on the UK manufacturing sector, as Prime Minister Theresa May prepared for a key EU summit in Brussels.

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Goldman positive on StanChart but stays at sell on Barclays and Lloyds

Goldman Sachs stuck to a 'buy' recommendation on StanChart and 'sell' on Lloyds and Barclays after adjusting its earnings estimates for the sector to reflect recent market developments and ahead of the release of the Financial Policy Committee's Financial Stability Report on 27 June.

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Deutsche Bank cautious on EMEA miners, Rio Tinto still top-pick
Rio Tinto train in the Pilbara region of Western Australia; mining

Deutsche Bank reiterated a 'neutral' view on the European, Middle East & Asia mining sector, telling clients they were cautious given the modest deterioration seen in macro indicators for the sector.

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Ultra Electronics meaningfully undervalued, Investec says
ultra electronics

Analysts at Investec reiterated their recommendation on Ultra Electronics, telling clients the shares were "meaningfully" undervalued with momentum in the company's orders set to continue.

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Imagination Technologies put up for sale as Apple dispute continues
chip imagination img

Imagination Technologies Group has formally put itself up for sale and is in talks about a potential takeover after receiving interest from "a number of parties" in recent weeks, which analysts suggested could include Intel, Qualcomm or even Apple.

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