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Archive for October, 2008

DAILY STOCKMARKET REPORT 31 October 2008

Markets
London - The FTSE 100 is down 41.73 points at 4,249.92 this morning. BT tops the fallers board, down 19%. After saying EBITDA and earnings per share that were “slightly below expectations” in the last quarter. Kazakhmys tumbles 12% after UBS cut its rating on the stock from “neutral” to “sell”.

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DAILY STOCKMARKET REPORT 30 October 2008

Markets
London - The FTSE 100 is currently 25.78 points higher at 4,268.32, boosted by continued global rate cuts. BHP Billiton and Rio Tinto climb 8% and 7.5% respectively as metals prices advanced. Royal Dutch Shell is 2% lower after saying third quarter crude and natural gas output fell 6.6%.

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Agency Workers Directive Approved

Regular readers will recall that in May this year the Government reached agreement with the TUC and CBI on equal treatment for agency workers after 12 weeks working for an end user.
The introduction of the new laws came a step closer last week with the European Parliament’s approval of a directive on Temporary Agency Work.  [...]

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DAILY STOCKMARKET REPORT 29 October 2008

Markets
London - The FTSE 100 is 197.14 points higher at 4,123.52 this morning, with 98 out of 100 stocks on higher ground. Old Mutual tops the risers board, rallying 23.4%, while Friends Provident leads the fallers, off 8%.

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DAILY STOCKMARKET REPORT 28 October 2008

Markets
London - The FTSE 100 is currently 70.4 points higher at 3,922.99. Aviva tops the risers board after reporting better than expected 12% rise in its 9-month sales, and confirmed that it may renegotiate a £1 billion payout to customers as a result of weak financial markets, its shares are 11.7% higher. Standard Chartered jumps 9% following third quarter results, in which it has seen continued growth in the third quarter despite the turmoil

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