Friday, 29th May 2015

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Direct Line to pay 27.5p per share and consolidate shares

Fri 29th May 15, 13:56:37

Insurer Direct Line said it will pay a special dividend to shareholders of 27.5p per share after completing the sale of its international division.

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Chicago PMI drops sharply in May

The Chicago Purchasing Managers' Index fell sharply in May. 55 minutes ago

India outpaces China as 1Q GDP rises 7.5%

Data released on Friday showed that first-quarter gross domestic product in India grew by 7.5% from a year ago, beating expectations for a 7.3% increase and unchanged from the previous quarter. 1 hour ago

Fed's rate hike would "absolutely" help banks, says Wells Fargo's CEO

An interest rate hike by the Federal Reserve would "absolutely" help US banks, said Wells Fargo & Co's chief executive John Stumpf. 51 minutes ago

Magnolia Petroleum raises 1m in share placing; posts rise in 2014 revenue

AIM-listed oil and gas exploration company Magnolia Petroleum said on Friday that it has raised 1m through the issuance of 12.9m shares at 0.7p each to fund its ongoing drilling programme in the US. 1 hour ago

FTSE 100 movers: Weir and Associated British Foods surge on upgrades

UK stocks shook off early morning caution by the afternoon, making modest gains in spite of Greek debt and panic selling on Chinese markets. 2 hours ago

Volvere surges after posting sharp rise in pre-tax profit

Shares in growth and turnaround investment business Volvere surged 10% on Friday after the company said it has more than tripled its full-year 2014 pre-tax profit from a year ago, supported by an exceptional gain in Shire Foods. 3 hours ago

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