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Stock Market News Stories

London Stock Exchange full-year profit driven by most IPOs since 2007

(Reuters) – London Stock Exchange Group Plc reported a 19 percent jump in adjusted full-year pretax profit, helped by a flurry of stock market listings last year, its busiest for initial public offerings in seven years. The 214-year old bourse … Continue reading

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South Africa’s Exxaro adjusted FY earnings fall by 6 pct on impairment charge

JOHANNESBURG (Reuters) – Exxaro, South Africa’s biggest coal producer, said on Thursday its adjusted full-year earnings fell 6 percent in 2014 due to an impairment charge of 5.8 billion rand ($490.9 million) related to an iron ore project in the … Continue reading

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South Africa’s Standard Bank posts flat 2014 earnings

JOHANNESBURG (Reuters) – Standard Bank, Africa’s largest bank by assets, reported a 1 percent rise in full-year profits on Thursday, roughly in line with expectations, thanks to increases in lending, fees and trading. Stripping out its London-based division, in which … Continue reading

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Virgin Money’s profit more than doubles as mortgages rise

(Reuters) – British lender Virgin Money Holdings (UK) Plc , which made its stock market debut in 2014, said full-year pretax profit more than doubled as it sold more mortgages. The retail bank, part-owned by entrepreneur Sir Richard Branson and … Continue reading

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London open: Stocks slip on mixed earnings, Fresnillo and L&G drop

LONDON (ShareCast) – UK stocks edged lower on Wednesday morning as gains from Standard Chartered (HKSE: 2888.HK – news) and ITV (LSE: ITV.L – news) were offset by declines by Fresnillo (Other OTC: FNLPF – news) , Glencore (Xetra: A1JAGV … Continue reading

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Orascom Construction offers 11 pct of shares in $185 mln IPO

CAIRO (Reuters) – Orascom Construction plans to offer 11 percent of its shares on the Cairo bourse to raise 1.41 billion Egyptian pounds ($185 million). The company is being spun off from OCI NV, which will retain its fertiliser and … Continue reading

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MOVES- NYSE, MetLife, JPMorgan, Legal & General, AXA Investment

March 4 (Reuters) – The following financial servicesindustry appointments were announced on Wednesday. To inform usof other job changes, email moves@thomsonreuters.com. THE NEW YORK STOCK EXCHANGE The stock exchange owned by the Intercontinental Exchange (NYSE: ICE – news) said its … Continue reading

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Wall Street lower for 2nd day after rally, data

NEW YORK (Reuters) – U.S. stocks were lower on Wednesday, with indexes on track for a second straight day of declines, as a recent rally gave investors reason to exercise caution. After a sluggish start to the year, equities charged … Continue reading

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Nasdaq says former TMX CEO Kloet to join its board of directors

NEW YORK, March 3 (Reuters) – Transatlantic exchangeoperator Nasdaq OMX Group Inc said on Tuesday thatThomas Kloet, the former chief executive of Toronto StockExchange owner TMX Group Ltd, would be joining its boardof directors. Kloet led TMX from 2008 until … Continue reading

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US stocks fall broadly a day after Nasdaq passes 5,000 mark

NEW YORK (AP) — U.S. stocks fell from record highs on Tuesday and the Nasdaq dropped below 5,000 a day after passing that milestone for the first time since the dot-com era 15 years ago. The losses were modest but … Continue reading

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