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Take my money, save Jet Airways: Vijay Mallya urges banks

JET

Businessman Vijay Mallya on Tuesday urged Indian banks to "take his money" and save cash-strapped Jet Airways. Mallya, who is currently facing trial in a UK Court, went on to highlight the "double standards" of the NDA government, and questioned why public sector banks pitched in to save Jet Airways but let his company, Kingfisher Airlines, "fail ruthlessly." "Happy to see that PSU Banks have bailed out Jet Airways saving jobs, connectivity and enterprise. Only wish the same was done for Kingfisher," he wrote on the micro-blogging site. "I invested over 4000 crores into Kingfisher Airlines to save the Company and its employees. Mallya also claimed that the media "decimated" him for writing to Prime Minister Narendra Modi while a BJP spokesman "eloquently read out" letters he wrote to former Prime Minister Manmohan Singh and alleged that PSU banks under the UPA government "wrongly supported" Kingfisher Airlines.

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FTSE 100 rises as pound dips; Ocado, housebuilders rally

OCDO

(Reuters) - Britain's FTSE 100 rose on Tuesday as exporter stocks benefited from weakness in the pound after lawmakers voted to take control of the Brexit process while Ocado surged to a life high on its latest partnership deal. The pound's fall came after lawmakers wrested control of the parliamentary agenda from the government for a day in hopes of breaking a deadlock over Brexit and parliament will now hold indicative votes on a range of Brexit options on Wednesday. Ocado hit a life high on the main index with a near 4 percent rise after inking a partnership deal with Australia's Coles Group in its fifth major overseas deal in less than 18 months. Traders also said parliament's vote to seize control of Brexit process could help the sector. But Ferguson slid 9.2 percent and was on course for its worst day in three and a half years as the world's largest heating and plumbing equipment supplier said it expected trading profit for the year to be towards the lower end of analyst expectations.

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AG Barr Profit Stagnates On Pension Charges,...

BAG

AG Barr Profit Stagnates On Pension Charges, Absence Of Disposal Gains. LONDON (Alliance News) - Irn-Bru maker AG Barr PLC on Tuesday said its profit was largely flat in ... LONDON (Alliance News) - Irn-Bru maker AG Barr PLC on Tuesday said its profit was largely flat in its most recent year due to a one-off pension charge and absence of a property disposal gain. The soft drinks company posted a pretax profit of GBP44.5 million for the year ended January 26, down 0.9% from GBP44.9 million the year before. AG Barr said it is working with the pension trustee in order to de-risk pension liabilities as well as securing its commitments to employee benefits as part of its strategic risk management and described its overall pension deficit as "manageable".

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[$$] Builder Crest Nicholson poaches Galliford Try’s chief executive

CRST

Crest Nicholson, among the 10 biggest housebuilders in the UK, has poached Peter Truscott from rival Galliford Try to become its chief executive. Mr Truscott, with three decades of experience in the homebuilding industry, is expected to start the job in September once his contract finishes with Galliford Try, where he had been chief executive since October 2015. Galliford Try said Mr Truscott will leave with immediate effect.

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Australia shares edge up as fears on U.S. economy weaken; NZ gains

CBA

Australia shares edge up as fears on U.S. economy weaken; NZ gains. March 26 (Reuters) - Australian shares closed marginally higher on Tuesday, helped by mining shares and an uptick in U.S. benchmark Treasury yields that reduced worries about the world's biggest economy slipping into recession. "We have seen some pressure on bonds markets... that's probably a major factor that's lifted (stocks)from slightly red to slightly in the green," Michael McCarthy, chief market strategist at CMC Markets, said. Pressuring the benchmark were shares of conglomerate Wesfarmers Ltd, which dropped about 3.5 percent to a near three-week low, following the announcement of a $1.1 billion bid for rare earths miner Lynas Corp. Heavyweights in the oil sector Santos Ltd and Oil Search Ltd were top drags on the energy index.

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Capgemini research shows modest AI implementation progress in the automotive sector

CAP

The research also shows that fewer automotive companies are implementing AI than in 2017, despite the cost, quality and productivity advantages. The "Accelerating Automotive's AI Transformation: How driving AI enterprise-wide can turbo-charge organizational value" study surveyed 500 executives from large automotive companies in eight countries, building on a comparable study from 2017, to establish recent trends in AI investment and deployment. Markus Winkler, Executive Vice President, Global Head of Automotive at Capgemini concludes, "These findings show that the progress of AI in the automotive industry has hit a speedbump. Some companies are enjoying considerable success, but others have struggled to focus on the most effective use cases, vehicle manufacturers need to start seeing AI not as a standalone opportunity, but as a strategic capability required to shape the future which they must organize investment, talent and governance around." He continues, "As this research shows, AI can deliver a significant dividend for every automotive business, but only if it is implemented at scale. For AI to succeed, organizations will need to invest in the right skills, achieve the requisite quality of data, and have a management structure that provides both direction and executive support."

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IP Group swings to loss as its AIM listed portfolio companies hit by market rout

IPO

IP Group swings to loss as its AIM listed portfolio companies hit by market rout. StockMarketWire.com - IP Group delivered 'disappointing' annual results as it swung to a loss on falling net assets driven by share price declines in a number of its AIM listed portfolio companies. For the year ended 31 December 2018, the company reported a loss of £293.8m compared with a profit of £53.4m a year earlier and hard net asset value fell 5.9% to £1.22bn, with the fair value of the portfolio broadly flat at £1.13bn. The net portfolio loss was £48.4m compared with a gain of £94.2m seen last year. The major contributors to the unrealised losses on the revaluation of investments were Diurnal Group plc (£33.1m), Xeros Technology Group plc (£21.1m), Circassia Pharmaceuticals plc (£14.0m), Cell Medica Limited (£12.4m), Mirriad Advertising plc (£12.3m), Actual Experience plc (£8.4m), OxSyBio Limited1 (6.6m), Abzena plc (£5.2m) and Avacta Group plc (£5.0m).

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Jefferies Financial Group Reaffirms Hold Rating for The Coca-Cola (KO)

JEF KO

Jefferies Financial Group’s price objective suggests a potential downside of 0.07% from the company’s current price. Finally, Morgan Stanley set a $48.00 target price on shares of The Coca-Cola and gave the company a “hold” rating in a research note on Friday, February 15th. Following the completion of the transaction, the senior vice president now owns 92,645 shares of the company’s stock, valued at $4,493,282.50. Capital International Investors now owns 63,196,570 shares of the company’s stock valued at $2,919,050,000 after purchasing an additional 28,445,747 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in The Coca-Cola by 4,577.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 19,634,956 shares of the company’s stock valued at $415,000 after purchasing an additional 19,215,135 shares in the last quarter.

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Global m-Dichlorobenzene Market 2019-2024: Dow, BASF, Lanxess, Toray

BAS

Global m-Dichlorobenzene Market Report thoroughly portrays an analysis of the growth direction grounded in the historic, current, and futuristic potentials of the global m-Dichlorobenzene industry. Advantageous acumen that aid to determine potential challenges, forthcoming opportunities, threats, risks, and obstacles in the global m-Dichlorobenzene market is also emphasized in the report. The report also casts light on significant attributes such as m-Dichlorobenzene market size, share, revenue, consumption and end-user propensity along with a precise evaluation and reliable future projection that enables potential investors, industry participant to obtain intact comprehension of the market. The analysis also discusses a number of vital elements such as business plan, pricing structure, marketplace, and product/service and help to determine an appropriate location for business, figure out best promotional methods to reach particular market segment, and set a best prize in terms of profit margin and consumer acceptance.

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Quant Signals & Review on Assicurazioni Generali S.p.A. (BIT:G) as Gross Margin Score Hits 50.00000

G

The Gross Margin score lands on a scale from 1 to 100 where a score of 1 would be considered positive, and a score of 100 would be seen as negative. Figuring out what works and what doesn’t should help the investor make better future decisions. Some investors will choose to go against the grain and develop a contrarian approach. The C-Score is calculated by a variety of items, including a growing difference in net income verse cash flow, increasing days outstanding, growing days sales of inventory, increasing assets to sales, declines in depreciation, and high total asset growth. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is currently sitting at 4.Free Cash Flow Growth (FCF Growth) is the free cash flow of the current year minus the free cash flow from the previous year, divided by last year’s free cash flow.

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Jet Airways bailout: Mallya calls out PSU banks; wishes same was done for Kingfisher

KGF

Jet Airways bailout: Mallya calls out PSU banks; wishes same was done for Kingfisher. In a series of tweets reacting to banks led by State Bank of India taking over management control of troubled Jet Airways, Mallya said,"...Only wish the same was done for Kingfisher". Embattled liquor baron Vijay Mallya Tuesday lashed out at public sector banks for “double standards” under the current NDA regime for their intervention to bailout Jet Airways while the same lenders made his Kingfisher airlines “fail ruthlessly”. “I invested over Rs 4,000 crores into Kingfisher Airlines to save the company and its employees,” he claimed.He also lashed out at the BJP for differential treatment meted out to Kingfisher and Jet Airways.“BJP spokesman eloquently read out my letters to PM Manmohan Singh and alleged that PSU Banks under the UPA Government had wrongly supported Kingfisher Airlines,” Mallya said.He further said, “Media decimated me for writing to the current PM.

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financialexpress.com
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Start-Stop Technology Market Profiling Players (Continental, Bosch, Aisin Seiki, Denso, Delphi, Hitachi, Johnson Controls, Mitsubishi Electric, BorgWarner, Valeo at el) with In-depth Analysis on Recent Trends and Growth Opportunities During 2019-2025

FR 6503 +2 more FR 6503 CON BWA

Start-Stop Technology Market Profiling Players (Continental, Bosch, Aisin Seiki, Denso, Delphi, Hitachi, Johnson Controls, Mitsubishi Electric, BorgWarner, Valeo at el) with In-depth Analysis on Recent Trends and Growth Opportunities During 2019-2025. The Global Start-Stop Technology market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc. For end use/application segment, this report focuses on the status and outlook for key applications. The study focuses on significant factors relevant to industry participants such as manufacturing technology, latest advancements, product description, manufacturing capacities, sources of raw material, and profound business strategies. Order a copy of Global Start-Stop Technology Market Report 2019 @ www.orianresearch.com/checkout/875273.

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MA Technicals at a Glance For Bankers Investment Trust Plc (BNKR.L) Shares

BNKR

Alternatively, when the MAMA crosses below the FAMA a sell signal is given.The MESA Adaptive Moving Average is a technical trend-following indicator which adapts to price movement “based on the rate change of phase as measured by the Hilbert Transform Discriminator”. Investors are usually trying to figure out the best strategy to use when tackling the equity market. Because there is no one perfect method for picking winning stocks, investors may have to try various techniques before they get it right. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. When doing stock research, there is plenty of easily measureable data regarding publically traded companies.

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cointradedaily.com
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Profits at United Utilities hit by last summer’s heatwave

UU

Profits at United Utilities hit by last summer’s heatwave. North West firm United Utilities has warned that its profits for the year are likely to be affected by last summer’s heatwave. Revenues are expected to be higher at Warrington based United Utilities – according to a trading statement. Underlying operating profit for the last 12 months is expected to be higher than 2017/18. And underlying infrastructure renewals expenditure in the second half of the year is expected to be broadly consistent with the first half of the year. However, operating profit will be hit by costs ... For the full story register now for free or login below... Related Topics.

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thebusinessdesk.com
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Actifio Heads to Singapore for Oracle OpenWorld Asia 2019

ACT ORCL

WHO/WHAT: Actifio will be in attendance for the 2019 Oracle OpenWorld Asia conference in Singapore on Tuesday, March 26 through Wednesday, March 27. Oracle OpenWorld Asia brings together a large community of technology and business professionals to learn about the latest product innovations and roadmaps through more than 2,000 educational sessions, keynotes, trainings and other networking opportunities. Actifio will also be featured in two speaking sessions led by Maanas Saran, Product Marketing Manager at Actifio. The first session, "Instant Backup and Recovery of Oracle Databases On-Premises or in the Cloud," will cover new methods on how to instantly protect and recover large Oracle databases, as well as a synopsis of advanced Oracle Automatic Storage Management concepts. After a strong presence at Oracle OpenWorld in San Francisco, the Actifio team is enthused about this year's festivities in Singapore.

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Bank of New York Mellon Corp Increases Stake in Republic Services, Inc. (NYSE:RSG)

IRM BK +2 more IRM BK L RSG

Bank of New York Mellon Corp raised its stake in shares of Republic Services, Inc. (NYSE:RSG) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.02. In other news, CAO Brian A. Goebel sold 3,000 shares of the firm’s stock in a transaction dated Thursday, January 10th. Finally, UBS Group cut Republic Services from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $83.00 to $77.00 in a research note on Thursday, January 10th.

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Reviewing The Scotts Miracle-Gro Company (SMG)'s and The Mosaic Company (NYSE:MOS)'s results

MOS

We will contrast their risk, analyst recommendations, profitability, institutional ownership, dividends, earnings and valuation. The Scotts Miracle-Gro Company is trading at a higher P/E ratio than The Mosaic Company, indicating that it is currently more expensive of the two stocks. Table 2 provides us The Scotts Miracle-Gro Company and The Mosaic Company’s return on assets, return on equity and net margins. The annual dividend that The Scotts Miracle-Gro Company pay is $2.16 per share with a dividend yield of 2.83%.

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Big Yellow Group Plc (BYG.L) MA Levels Holding Above FAMA

BYG

Alternatively, when the MAMA crosses below the FAMA a sell signal is given.The MESA Adaptive Moving Average is a technical trend-following indicator which adapts to price movement “based on the rate change of phase as measured by the Hilbert Transform Discriminator”. Tracking moving averages is one of the most universally used techniques for performing technical stock analysis. Traders may find value in combining multiple time periods using moving averages to help compare how the equity is faring on a long-term and short-term basis. Traders may use these levels to help identify stock price reversals. When completing stock analysis, investors and traders may opt to review other technical levels.

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cointradedaily.com
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Prudential set to raise $232 mn via stake sale in ICICI Prudential Life

PRU PRU

Prudential set to raise $232 mn via stake sale in ICICI Prudential Life. UK-based insurer and investment firm Prudential Corporation Holdings Ltd (PCHL) is looking to sell up to 3.7% of its stake in its Indian joint venture ICICI Prudential Life Insurance Company through an offer for sale, it said in a stock-exchange disclosure. The floor price, which is fixed at Rs 300, would fetch close to Rs 1,598 crore to Prudential in the sale, which is scheduled for Tuesday and Wednesday. At that time, Prudential held about 25.84% stake in the company and did not sell its stake in the IPO. As of 31 December 2018, ICICI Prudential Life’s total premium witnessed a growth of 13.2% to Rs 20,766 crore.

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Centamin plc (CEE) Decline -1.23% on Mar 25

CEY

Shares of Centamin plc (TSE:CEE) last traded at 1.61, representing a move of -1.23%, or -0.02 per share, on volume of 5,258 shares. Centamin plc currently has a total float of 1.17 billion shares and on average sees 19,891 shares exchange hands each day. The index also plays close watch to a company’s liquidity prior to the listing of its stock. For a stock to be listed on the S&P TSX it must be liquid enough to support unusual volume changes as well as dollar movements. Currently, Financials account for 36% of the index total market capitalization with the Energy sector coming a close second with 20% share. Since its inception, the S&P TSX has registered an all-time low of 217.50 points registered in February 1950.

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kreviewer.com
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