Tuesday, 1st December 2015

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News & Reports

RWE, Drax power ahead as UK wins approval to convert Lynemouth power station

Tue 1st Dec 15, 11:18:04

Michele Maatouk

(ShareCast News) - Shares in German utility RWE and UK power company Drax rallied after the European Commission approved the UK government's support for converting the Lynemouth power station from coal to biomass.

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Cadbury owner Mondelez said to be looking to offload brands in Europe

(ShareCast News) - Mondelez International, the American food giant that owns Cadbury, is reportedly looking to offload a number of confectionery products in Europe and the UK. 45 minutes ago

Europe midday: Stocks little changed as investors wade through data releases

(ShareCast News) - European stocks wavered as investors waded through an avalanche of data releases amid growing expectations that the European Central Bank will announce additional stimulus measures on Thursday. 2 hours ago

US pre-open: Futures climb ahead of manufacturing data

(ShareCast News) - US stock futures turned north on Tuesday, as Wall Street looked to begin December on the front foot. 1 hour ago

Finncap stays at buy on Petra Diamonds

(ShareCast News) - Analysts at Finncap greeted the decision by two of Petra Diamond's lending groups to waive the measurement of two covenant tests relating to its operating profits for the year to 31 December 2015. 51 minutes ago

London midday: UK banks lift equities after passing BoE stress test

(ShareCast News) - Banking stocks gave the UK equity market a boost after all seven of Britain's biggest lenders passed the Bank of England's stress tests. 2 hours ago

Citi downgrades Babcock to 'sell'

(ShareCast News) - Babcock is in a sweet-spot strategically, given its growing market and "solid" barriers to entry, but at present there are "too many risks for comfort" around the investment case, analysts said. 1 hour ago

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