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London open: Stocks in search of direction after sell-off

Fri 24th May 13, 08:47

Benjamin Chiou

Markets opened tentatively on Friday morning with sentiment still fragile following a plunge the day before as traders reacted to concerns about stimulus measures in the US and a slowdown in China.

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UK needs a more British Europe, says ECB's Draghi

European Central Bank (ECB) President Mario Draghi spoke on the high levels of interconnection between the UK and the Eurozone and stressed the importance of moving towards a tighter union and following through on the banking system integration. 59 minutes ago

Inland Homes raises funds for acquisitions

Inland Homes said it has raised 4.9m pounds, before expenses, through the placement of more than 18m shares. 58 minutes ago

Amur Minerals advances on Kun-Manie mining licence progress

Amur Minerals, the exploration and development company focused on Far East Russia, has received formal notification that the Federal Agency on Subsoil Use (Rosnedra) has completed calculation of the one-time payment to convert a portion of its exploration licence to a mining licence on its Kun-Manie nickel copper sulphide project. 1 hour ago

Friday broker round-up

Barratt Developments: Liberum Capital raises target price from 270p to 358p, while downgrading to hold. Deutsche Bank moves target price from 327p to 354p and reiterates a buy recommendation. 2 hours ago

Falcon Oil & Gas consolidates interest in Beetaloo Basin

AIM-listed Falcon Oil & Gas has executed a conditional agreement with Sweetpea Petroleum Pty, a wholly-owned subsidiary of PetroHunter Energy Corporation, to acquire its 50m shares (or 24.2 per cent interest) in Falcon Oil & Gas Australia(FOGA). 1 hour ago

H&T Group's profits hit by volatile gold prices

H&T Group's shares fell Friday after the financial services and pawnbroker company said it expects volatile gold prices will impact pre-tax profits. 1 hour ago

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