Thu 23rd May 13, 11:32
Benjamin Chiou
Markets tumbled by around two per cent on Thursday morning as investors chose to take profits in the aftermath of comments from the head of the US Federal Reserve and a disappointing reading of manufacturing activity in China.
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Citigroup Chief Economist Willem Buiter has changed his mind and no longer expects Greece to exit the euro imminently. 1 hour ago
AIM-listed Rare Earth Minerals(REM) has executed formal agreements with Toronto Stock Exchange-listed Bacanora Minerals, enabling REM certain rights to participate in drilling and project evaluation of the El Sauz and Fleur Lithium concessions in northern Mexico. 1 hour ago
Oil and gas company Parkmead has placed an offer to purchase the entire issued share capital of Lochard. 1 hour ago
Crimson Tide, the AIM-listed developer of mobile business solutions, has been awarded three new contracts with contract cleaning company Integrated Cleaning Management (ICM), multi-service provider NIC Services Group and property management services provider Wing's Technical Services. 2 hours ago
FTSE 250-listed specialist bank and asset manager Investec has posted strong annual results for the year ended March 31st, underpinned by profit increases in its three core business areas. 2 hours ago
The recent rally in Kingfisher's share price was paused on Thursday morning after Nomura downgraded its rating on the stock from 'neutral' to 'reduce', saying that shares in the B&Q owner have travelled too far given the tough times ahead. 2 hours ago
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