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Stock markets bounce on China rate cut | Business

London’s leading stock market index bounced this morning as it managed to claw back pretty much all of yesterday’s losses. The export-heavy FTSE 100 rebounded 132.50 points, or 1.8 per cent, to 7,435.05 after China cut a key borrowing rate for mortgages in a move that boosted sentiment at the …

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MARKET REPORT: Flutter and Entain soar on Blackstone deal

London-listed betting stocks Flutter and Entain were soaring after Australia’s Crown Resorts accepted a £5billion takeover offer from private equity giant Blackstone.  Crown, as well as owning a number of prestige hotels, has a bunch of gaming assets. It owns Betfair Australasia, Chill Gaming and DGN Games along with a …

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Royal Mail’s Fleet of Drones

Everyone knows that the shipping industry is in trouble. Rising fuel costs, a growing e-commerce business, and an ageing fleet of ships all point to a sector in crisis. According to the World Maritime Council (WMC), by 2023, the global shipping industry will lose almost $200 billion due to increased …

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