Wednesday, 16th April 2014

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Broker tips: Sports Direct, Tesco, DS Smith

Wed 16th Apr 14, 13:02

Sports Direct shares were rising strongly on Wednesday morning as the stock bounced strongly after its recent weakness, with comments from Bank of America Merrill Lynch providing a boost.

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US pre-open: Stocks futures rise as US housing starts gain

US stock index futures jumped as reports showed a rise in weekly mortgage applications and US housing starts. 1 hour ago

2ergo completes sale of operations and becomes Broca

2ergo Group has completed the sale of its main operating subsidiary to Eagle Eye Solutions following the latter's admission to AIM. 1 hour ago

JJB former chairman in court over loans

The former Executive Chairman of JJB, Sir David Jones, was on Wednesday accused of taking out loans worth three million pounds, including one from Sports Direct's Mike Ashley. 1 hour ago

AIM's Quindell sets sights on becoming 'multi-billion pound business'

Sales in the first quarter were almost as high as the first six months of the year before at telecoms and insurance outsourcing firm Quindell. 1 hour ago

JPMorgan sees buying opportunity at DS Smith after recent falls

Comments from JPMorgan Cazenove gave consumer packaging group DS Smith a boost on Wednesday, saying that the recent de-rating of the stock has created an opportunity for investors ahead of a trading update later this month. 2 hours ago

HSBC subsidiary to sell stake in Indian banking business

HSBC Bank Oman, which is an indirect 51 per cent-owned subsidiary of the FTSE 100 banking group HSBC, on Wednesday said it has agreed to sell its banking business in India to Doha Bank QSC. 2 hours ago

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