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Soap maker PZ Cusson's shares tumble on lower profit forecast amid FX woes

UPDATE 1-Soap maker PZ Cusson's shares tumble on lower profit forecast amid FX woes Adds CEO comment in paragraph 3, details and background throughout Sept 18 (Reuters) - Shares in PZ Cussons PZC.L fell as much as 18 % on Wednesday after the soap maker forecast lower profits for the fiscal year 2025, pressured by currency headwinds in Nigeria, one of its largest markets.
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UK's Playtech at 2.5 yr high on upbeat outlook, stake in sports betting firm

BUZZ-UK's Playtech at 2.5 yr high on upbeat outlook, stake in sports betting firm ** Playtech PTEC.L jumps about 8% to 705p, highest since January 2022 ** Among top gainers on FTSE 250 .FTMC ** British gambling tech firm expects 2024 adjusted core profit to be slightly ahead of market view on strong performance in B2B unit ** Co signs deal for 30.8
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Union Bank of India climbs after Investec upgrade to 'buy'

BUZZ-Union Bank of India climbs after Investec upgrade to 'buy' ** Shares of Union Bank of India UNBK.NS rise 4.8% to 125.8 rupees ** Stock is top gainer on nifty PSU bank index .NIFTYPSU which is up +0.6% ** Investec upgrades UNBK to 'Buy' from 'Hold,' highlighting its strong liquidity, capitalization, and provisioning ** UNBK is trading near its
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Wall Street ends higher, gold hits record ahead of rate cuts

GLOBAL MARKETS-Wall Street ends higher, gold hits record ahead of rate cuts Wall Street ends trading higher after ECB rate cut Dollar slips against other major currencies Oil jumps nearly 3% as Francine hits US production Gold hits all-time high ahead of Fed cut Graphic: World FX rates http://tmsnrt.rs/2egbfVh By Pete Schroeder Sept 12 (Reuters) - Wall Street eked out gains and gold surged to a record high on Thursday as investors awaited a Federal Reserve interest rate cut next week.
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Wall Street mixed, gold jumps as Fed rate cuts loom large

GLOBAL MARKETS-Wall Street mixed, gold jumps as Fed rate cuts loom large Wall Street muted in aftermath of ECB rate cut Dollar slips against other major currencies Oil jumps nearly 3% as Francine hits US production Gold hits all-time high ahead of Fed cut Graphic: World FX rates http://tmsnrt.rs/2egbfVh By Pete Schroeder Sept 12 (Reuters) - Wall Street treaded water and gold surged to a record high on Thursday as investors awaited a Federal Reserve interest rate cut next week.
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Blackstone buys stake in $1.2 billion European logistics fund

Blackstone buys stake in $1.2 billion European logistics fund LONDON, Sept 2 (Reuters) - Private equity giant Blackstone BX.N has agreed to buy an 80% stake in a European warehouse portfolio run by landlord Burstone BTNJ.J , the latest push by the U.S. investment manager into warehouses that have boomed alongside the rise of e-commerce. The Johannesburg-listed company - formerly Investec's property fund - has agreed to sell the controlling stake in the 1.1 billion euros ($1.2 billion) portfolio
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Financials nudge Indian shares towards record highs

BUZZ-Financials nudge Indian shares towards record highs ** India's NSE Nifty 50 .NSEI and S&P BSE Sensex .BSESN rise ~0.2% each, benchmarks less than 0.3% shy off record high hit on Aug.1 ** High-weightage financials .NIFTYFIN gain 0.7%, leading sectoral gains ** Financials getting investor interest due to attractive valuations, say analysts ** "L
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India's Glenmark Pharma gains on posting rise in Q1 profit

BUZZ-India's Glenmark Pharma gains on posting rise in Q1 profit ** Shares of Glenmark Pharma GLEN.NS rise 5.1% after posting higher June quarter profit on strong demand ** Drug maker's consolidated profit before exceptional items and taxes in June quarter more than doubles to 4.62 billion Indian rupees ** Fiscal year 2025 has started with a sharp j
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UK homebuilder Bellway gains on annual revenue beat

BUZZ-UK homebuilder Bellway gains on annual revenue beat ** Shares of Bellway BWY.L up 2.6% to 2,728p; stock among top pct gainers on FTSE 250 .FTMC index ** The British midcap housebuilder reports a smaller-than-expected drop in annual revenue, and says buyer confidence was improving following a drop in mortgage rates ** FY revenue falls 31% to 2.
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India's metal stocks fall on global demand worries

BUZZ-India's metal stocks fall on global demand worries ** India's metal stocks .NIFTYMET fall 2.6% on worries over global demand, top loser among 13 major indexes ** Weak manufacturing data from U.S. and China exacerbated worries about the global economic outlook, dragging global metal prices down ** India's Tata Steel TISC.NS shares down 2.9%, to
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Bank of England cuts rates from 16-year high

INSTANT VIEW-Bank of England cuts rates from 16-year high Adds additional comments, updates prices at 1155 GMT LONDON, Aug 1 (Reuters) - The Bank of England cut interest rates from a 16-year high on Thursday after a narrow vote in favour from policymakers divided over whether inflation pressures had eased sufficiently, which initially dented the pound.
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High-frequency traders, brokerage firms to face brunt of regulatory curbs on options

UPDATE 1-High-frequency traders, brokerage firms to face brunt of regulatory curbs on options Adds impact on high frequency traders, quant funds, updates share prices By Jayshree P Upadhyay and Sethuraman N R BENGALURU, July 31 (Reuters) - The Indian market regulator's proposed measures to curb the trading frenzy in options will impact high-frequency traders and quant funds as well as brokerage firms that have gained from increased retail investor interest in the segment, traders said.
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Indian brokerages slip on market regulator's proposals to curb options trading

BUZZ-Indian brokerages slip on market regulator's proposals to curb options trading Adds BSE's share move; updates moves ** Shares of Indian brokerages drop 1%-5% ** India's markets regulator proposes raising minimum trading amount for index options by more than three times, reducing the number of contracts expiring each week and a rise in trading
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GAIL (India) hits record high after robust Q1 earnings

BUZZ-GAIL (India) hits record high after robust Q1 earnings ** Shares of GAIL (India) Ltd GAIL.NS rise as much as 5.4% to record 246.30 rupees ** Gas distributor's Q1 profit beat estimates on strong performance in gas marketing business ** Investec attributes profit beat to higher gas volumes and better realisations at gas transmission business and
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Indian brokerages fall as markets regulator proposes curbs on options

Indian brokerages fall as markets regulator proposes curbs on options BENGALURU, July 31 (Reuters) - Shares of Indian brokerages fell on Wednesday, a day after the markets regulator proposed several measures to curb trading in options. The Securities and Exchange Board of India (SEBI) on Tuesday evening proposed raising the minimum trading amount for index options by over three times, reducing the number of contracts expiring each week and hiking margins.
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Energy stocks boost Indian shares

BUZZ-Energy stocks boost Indian shares ** India's Nifty 50 .NSEI and Sensex .BSESN rise about 0.4% each, as energy index .NIFTYENR rises 1.7% on gains in oil marketing companies (OMCs), NTPC and Power Grid ** Brent crude oil futures dropped on the day amid concerns about demand in China, the world's largest crude importer O/R ** Drop in oil prices
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South African Markets - Factors to watch on July 29

South African Markets - Factors to watch on July 29 JOHANNESBURG, July 29 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Monday. ECONOMIC EVENTS June money supply data Foreigners' weekly trading in South African bonds and equities South African weekly Treasury bill auction SOUTH AFRICAN MARKETS The South African rand gained against the dollar on Friday, after a reading of U.S.
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South African rand strengthens against weaker dollar

UPDATE 1-South African rand strengthens against weaker dollar Updates prices to reflect afternoon trade, adds U.S. data in paragraphs 4-5, analyst comment in paragraph 8 JOHANNESBURG, July 25 (Reuters) - The South African rand strengthened against a weaker dollar on Thursday, after U.S. economic data readings left intact expectations of an interest rate cut by the Federal Reserve in September.
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UK's Howden Joinery flags additional H2 freight costs, shares fall

UPDATE 1-UK's Howden Joinery flags additional H2 freight costs, shares fall Updates share move in paragraph 2, details on costs in paragraph 3, analyst comment in paragraph 4 July 25 (Reuters) - UK's Howden Joinery HWDN.L , a kitchen and joinery supplier, said on Thursday that it expects an additional cost of 5 million pounds ($6.4 million) in the second-half of the year due to higher freight expenses.
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Investec initiates 'buy' on Keystone Realtors, shares up

BUZZ-Investec initiates 'buy' on Keystone Realtors, shares up ** Shares of Keystone Realtors KEYS.NS climb 2.6% to 720.30 rupees ** KEYS' large pipeline of projects should accelerate pre-sales growth over medium term, says Investec ** Brokerage initiates coverage on realtor with "buy", Street-high PT of 875 rupees, per LSEG ** Investec second broke
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