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Negative rates are bad for everyone - just ask Sir Philip Green - ‎26 minutes ago‎
To many of us, it's been obvious for a long time now that ultra-low interest rates are doing more harm than good, driving up house prices and mortgage debt for no particular benefit to consumption and business investment.
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European shares weighed down by IAG and Restaurant Group

Reuters UK - ‎Apr 29, 2016‎
(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.
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Shire chief shrugs off shareholder protests

Financial Times - ‎22 hours ago‎
Shire chief executive Flemming Ornskov brushed off shareholder protests against his $21.6m pay package even as the drugmaker revealed a surge in sales and profits.
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Weir Group reports 47% drop in oil and gas orders

BBC News - ‎Apr 28, 2016‎
Engineering equipment firm Weir Group has said it expects first-half profits to be slightly ahead of market expectations, despite being hit by a steep fall in oil and gas activity.
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For Eurozone economy, it's back to the future

Economic Times - ‎11 hours ago‎
By: Peter S. Goodman By one measure, the economic crisis that has long ravaged Europe is finally over. On Friday, the European Union released data showing that the overall economy of the 19 countries that use the euro advanced 0.6 per cent over the ...

This is why Ophir Energy plc crashed by 20% today

AOL Money UK - ‎Apr 29, 2016‎
Shares in Ophir Energy (LSE: OPHR) fell by as much as 24% this morning, after the group said a deal with US oil services giant Schlumberger to develop its Fortuna FLNG project in Equatorial Guinea had fallen through.

Capstead Mortgage Corporation (NYSE:CMO) Shorted Shares Increased 2.17% After Market Selling

B.O.D.Y Confidential - ‎16 hours ago‎
The stock of Capstead Mortgage Corporation (NYSE:CMO) registered an increase of 2.17% in short interest. CMO's total short interest was 2.31 million shares in April as published by FINRA.
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AstraZeneca's Investment Eats Into Profit

Wall Street Journal - ‎Apr 29, 2016‎
LONDON— AstraZeneca PLC said core profit fell in the first quarter even as revenue rose, as it plowed heavy investment into the development of a string of new drugs it is betting on for growth, though net income rose.
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RBS struggles to maintain market confidence

Herald Scotland - ‎19 hours ago‎
Royal Bank of Scotland is struggling to maintain market confidence after reporting an underlying first quarter profit of £421million, barely half analysts' forecasts of £800m, and worrying uncertainties over the demerger of the Williams and Glyn network.
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Ads giant WPP plans for life after Sorrell

Irish Examiner - ‎17 hours ago‎
WPP has begun the search for a new chief executive, for when founder Martin Sorrell steps down. Sorrell has headed the advertising giant for three decades.
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S&P expects Britain to vote to remain in the EU by a small majority

Market Business News - ‎10 hours ago‎
Standard & Poor's said on Friday that it expects the UK to vote to stay in the European Union by a small majority in the upcoming referendum, however, the ratings agency noted that the risk of leaving the bloc represents a major risk to the country's ...
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How Amazon convinced you to pay up for shopping

Ledger Independent - ‎11 hours ago‎
NEW YORK - Amazon is clearly entering its Prime. Meaning, of course, its $100 annual membership program, now a decade old, which has accomplished the remarkable feat of convincing millions of people to pay an annual fee for the privilege of, well, ...
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China takes new steps to encourage inflows, US dollar supply

THE BUSINESS TIMES - ‎17 hours ago‎
China is moving to entice foreign investment into the country even as pressure on the yuan eased. PHOTO: BLOOMBERG. Comments. Share.
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Buffett: Straight talk from 'Woodstock of Capitalism'

USA TODAY - ‎15 minutes ago‎
Warren Buffett, speaking at Berkshire Hathaway's annual meeting Saturday, told his flock of followers that first-quarter earnings jumped 8.2% to $5.59 billion, reiterated he's still on the lookout for big deals, and advised mom-and-pop investors to ...
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Rise in number of people going into 'bankruptcy light'

Yahoo Finance UK - ‎Apr 29, 2016‎
The number of people going into a type of personal insolvency known as "bankruptcy light" increased during the first three months of 2016, official figures show.
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Sajid Javid wants to force restaurants to give staff ALL their tips

Metro - ‎1 hour ago‎
You'd think that staff would automatically get all the tips you leave after a meal in a restaurant but unfortunately, that isn't always the case - especially if customers pay by debit or credit card.
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Reckitt Benckiser fined for misleading Australians over painkillers

Daily Sabah - ‎8 hours ago‎
An Australian court ordered a British consumer goods company on Friday to pay 1.7 million Australian dollars ($1.3 million) in penalties after ruling that the company misled consumers about the effectiveness of a popular painkiller.
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Oracle to acquire Textura for $663m

Computer Business Review - ‎Apr 29, 2016‎
Textura provides construction contracts and payment management cloud services. The company's cloud services process $3.4bn in payments for more than 6,000 projects every month.
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Saudi Vision 2030: A Quiet Pragmatic Revolution

Huffington Post - ‎51 minutes ago‎
The Vision 2030 plan announced by Saudi Arabia this week is nothing short of astonishing. It is a renaissance project built on pragmatic and scientific foundations, and a collective workshop aiming to substitute nationalization, rentier, and top-down ...

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