Wednesday, 23rd July 2014

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News & Reports

Carney says rate rise will be restrained by cautious dynamic

Wed 23rd Jul 14, 15:1

Oliver Haill

Bank of England Governor Mark Carney said interest rate increases will be more restrained than in the past as the economy continues to face challenges.

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Taiwan domestic flight crashes with 58 passengers on board

A plane crashed on the Taiwanese island of Penghu after it failed to complete an emergency landing, with 51 people feared dead, according to reports. 2 hours ago

EU tells Ryanair to repay ?10m in French aid

The European Commission on Wednesday told Ryanair they must repay about ?10m in illegal state aid the company received from France for operating at three small regional airports. 2 hours ago

FTSE 250 movers: Renishaw surges as investors celebrate strong finish to year

Renishaw's market value increased by almost a fifth on Wednesday as the engineering company delivered an all-time high annual revenue of 355.5m in the year to June 30th after a record fourth quarter. Numis upgraded the stock from 'hold' to 'add' today, helping the stock rise 19% by the afternoon. 2 hours ago

FTSE 100 movers: GlaxoSmithKline shares tank as drugmaker lowers outlook

The share price ofGlaxoSmithKline tanked 6% on Wednesday afternoon, leading the fallers on the FTSE 100, as the drugmaker disappointed with a 4% drop in quarterly sales to 5.6bn and lowered its full-year outlook. It now expects to deliver 2014 full-year core earnings per share "broadly similar to last year", down from its previous estimate of 4-8% growth. 2 hours ago

Sector movers: Weak results, outlook from Glaxo sink pharma stocks

A slump in the share price of GlaxoSmithKline dragged the pharmaceuticals and biotechnology sector into the red on Wednesday as the drugmaker disappointed with a drop in quarterly sales and its full-year outlook. 3 hours ago

Capita beats expectations as private sector outsourcing grows - UPDATE

Fuelled by its highest ever level of bid pipeline prospects, outsourcing group Capita beat expectations with first half results, including 1.3bn of new contracts from an ever-broadening customer base that ranges from John Lewis to Transport for London and the Ministry for Justice (MoJ). 2 hours ago

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