Wednesday, 23rd April 2014

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Broker tips: AB Foods, ARM, Wolseley...

Wed 23rd Apr 14, 12:59

Panmure Gordon has upgraded its rating for Associated British Foods from 'hold' to 'buy' after the company announced its intention to expand its fast-growing Primark brand into the US towards the end of next year.

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Russia's foreign minister says US and CIA behind Ukrainian actions

Russia's Foreign Minister accused the US of inciting Ukraine's government to re-start its operations against pro-Russian militants in the east of the country. 2 hours ago

US pre-open: Investors waiting on results from Apple

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Spirent's Q1 figures 'not as good as they appear', says Investec

Spirent Communications's first-quarter results impressed the market on Wednesday with revenues and profits ahead of expectations, though Investec said that figures are 'not as good as they appear on the surface'. 2 hours ago

Biome Technologies boosted by US coffee capsule demand

Shares rose in bioplastics and radio frequency (RF) heating group Biome Technologies after an encouraging increase in first quarter revenues, boosted by sales of compostable single-serve coffee pods. 2 hours ago

Drax delivers upbeat AGM despite power station setback

Shares in FTSE 250 renewable energy provider Drax lost more than 10 per cent of their value on Wednesday morning, hit by the group's announcement that one of its power stations was no longer deemed eligible by the UK government for an investment contract. 49 minutes ago

WPP subsidiary to create new company with Chinese partner

Advertising and marketing services group WPP on Wednesday said its wholly-owned out of home advertising business, tenthavenue, is set to form a new company with Shanghai Media Group's BesTV New Media company. 2 hours ago

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