Tuesday, 30th September 2014

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Credit Suisse upgrades Associated British Foods to 'outperform'

Tue 30th Sep 14, 16:19:53

As emerging market economies continue to slow and the developed world takes centre stage it is hard to find a better structural growth story than Primark, analysts at Credit Suisse explained to clients on Tuesday.

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News Corp. agrees to buy Move in $950m deal

In a bid to expand its digital marketing business, News Corp. has announced it would buy property websites owner Move for about $950m. 52 minutes ago

FTSE 100 movers: Broker comment lifts Associated British Foods

Associated British Foods climbed after Credit Suisse upgraded the stock to 'outperform' with a target price of 3,000p. 51 minutes ago

Recent profit warning puts Tesco's credit metrics into 'junk' territory

For analysts at Nomura the latest 'profit warning' from Tesco puts that company's credit metrics effectively into 'junk' territory, as per a research note issued on 29 September. 1 hour ago

Pimco reports record $446.5m outflow in the wake of Gross's departure

A record $446.5m was yanked from an exchange-traded fund under the control of Pacific Investment Management Co. (PIMCO) co-founder Bill Gross, after he announced his intention to leave the company on Friday. 2 hours ago

Wednesday preview: Sainsbury releases second quarter results

Sainsbury will take to the podium with its latest interim results on Wednesday. 3 hours ago

US pre-open: Ebay to spin-off Pay Pal

The main US market gauges are now being called to start the day higher by 0.2% on average ahead of the release of relevant economic data and on the back of renewed corporate activity. 2 hours ago

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