Friday, 22nd May 2015

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London open: Vodafone, HSBC and miners lead UK stocks higher

Fri 22nd May 15, 08:41:31

UK stocks opened higher on Friday morning and were on track to hit a two-week high ahead of another busy day for economic data.

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Commodities: Oil retreats from overnight highs, copper and lead claw back losses

Oil benchmarks shed overnight gains in Asia on Friday with profit-taking undoing some of price spikes noted in US trading. 2 hours ago

WPP's Always buys Singapore marketing company 3ree

WPP's China-based marketing company Always Marketing Services has agreed to buy Singapore's 3ree, the advertising group announced on Friday. 1 hour ago

Goldman Sachs initiates coverage of South32 at buy

Goldman Sachs initiated coverage of South32 Limited, the new company spun off by BHP Billiton this week, at 'buy' with a 12-month target price of A$2.70, as it added the stock to its conviction list. 1 hour ago

Corac to change name to TP Group

Shareholders of Corac Group have voted in favour of the AIM-listed industrial engineer changing its name to TP Group, the company announced on Friday. 1 hour ago

Close Brothers benefits from renewed investor risk appetite and property loan demand

Merchant bank Close Brothers enjoyed a good third quarter's trading as investor risk appetite returned and its core banking division booked a solid performance. 2 hours ago

Eland Oil & Gas halves losses after first oil sale in 2014

Eland Oil & Gas, the exploration and production group focused on West Africa, halved its annual losses in 2014 and gave a confident outlook despite a tough operating climate within the oil industry. 2 hours ago

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