US close: Benchmarks set new records after economic data

18 May 2013 | 07:05

- Benchmarks register fourth weekly gain - S&P and Dow at all-time highs - Uni of Michigan index and Leading Indicators beat forecasts
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US midday: Economic data cheers stocks

17 May 2013 | 17:38

Better than expected economic data, JP Morgan raises year-end target for S and P 500 to 1,715 from 1,580, Large rise in US dollar index, Goldman Sachs sees Fed tapering QE in December-CNBC
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Week ahead: Investors awaiting UK data deluge

17 May 2013 | 17:36

Some economists are fond of reminding clients every now and again that there are three kinds of lies: lies, damned lies and statistics.
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London close: FTSE 100 hits new multiyear highs after US data

17 May 2013 | 16:29

The FTSE 100 rallied in afternoon trade after some better-than-expected economic data from the States, pushing the index to new five-and-a-half-year highs.
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Europe close: Stocks gain as US consumer confidence rises

17 May 2013 | 16:14

US consumer confidence rises more than expected; BoE policymaker dashes hopes of stimulus; Italy offers aid to households and workers
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Petrofac heads stock up as group unveils growth predictions

17 May 2013 | 16:10

A round-up of the biggest director deals today so far.
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ENRC rebuffs proposal from founding shareholders

17 May 2013 | 15:59

An approach by a group of ENRC's founding shareholders regarding a possible takeover is not high enough, according to the mining company which has allowed the consortium more time to revise up its proposal.
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Results Round-up

17 May 2013 | 15:57

Sales growth at web and technology firm Premier Farnell came in well ahead of expectations in the first quarter though margins slipped slightly.
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BoE's Weale urges caution over monetary stimulus

17 May 2013 | 15:48

Bank of England (BoE) policymaker Martin Weale had dashed hopes that incoming Governor Mark Carney will implement further monetary stimulus to lift the economy.
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FTSE 250 movers: Ocado leaps on Morrison deal

17 May 2013 | 15:30

Ocado Group shares leapt almost a third on Friday after Morrison Supermarkets confirmed the two are teaming up to launch its first shopping website in January next year. The partnership had been expected as the two have been in talks since Morrison announced it was moving online in its annual results in March. Online grocer Ocado will provide its technology, logistics and distribution operations to Morrison.
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