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News

UK inquiry finds banks shut 142,000 small business accounts in a year

UK inquiry finds banks shut 142,000 small business accounts in a year LONDON, Feb 27 (Reuters) - An ongoing inquiry by Britain's cross-party Treasury Committee said that eight of the country's top banks shut almost 142,000 accounts held by small businesses in the last year, amid concerns some companies are struggling to access financing. Figures supplied by Barclays, HSBC, TSB, Lloyds, Santander, NatWest, Metro and Handelsbanken showed 2.7% of the 5.3 million business accounts held by small comp
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HSBC Bought Back 2.3 Million Shares For HK$136.7 Million On 26 Feb - HKEX Filing

BRIEF-HSBC Bought Back 2.3 Million Shares For HK$136.7 Million On 26 Feb - HKEX Filing Feb 27 (Reuters) - HSBC Holdings PLC HSBA.L : HSBC BOUGHT BACK 2.3 MILLION SHARES FOR HK$136.7 MILLION ON 26 FEB - HKEX FILING HSBC BOUGHT BACK TOTAL 3.2 MILLION SHARES ON OTHER EXCHANGES FOR GBP18.8 MILLION ON FEB 26 - HKEX FILING Source text for Eikon: [ID:n110
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EasyJet, Hikma, Kosmos Energy

EUROPE RESEARCH ROUNDUP-EasyJet, Hikma, Kosmos Energy Feb 27 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including EasyJet, Hikma and Kosmos Energy, on Tuesday. HIGHLIGHTS * EasyJet EZJ.L : JP Morgan cuts target price to 680p from 690p * Hikma HIK.L : Berenberg raises target price to 2000p from 1960p * Kosmos Energy Ltd KOS.L : Panmure Gordon raises target price to 762p from 744p * L'Oreal OREP.PA : Berenberg raises to buy from hold; rai
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StanChart suspends new offshore channel investments by China clients

EXCLUSIVE-StanChart suspends new offshore channel investments by China clients Adds China market, outbound investment programme context throughout; analyst comments in paragraphs 10-11 By Selena Li HONG KONG, Feb 27 (Reuters) - Standard Chartered STAN.L has suspended new investments by its clients in China into offshore products via a quota-based channel, the bank said, amid a surge in demand for overseas investments due to weakness in the local market and currency.
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Dubai's Parkin to sell 24.99% stake in IPO

UPDATE 3-Dubai to sell 25% stake in public parking business via IPO Adds financial details in paragraph 3, CFO comments 8-9 By Federico Maccioni DUBAI, Feb 27 (Reuters) - T he Dubai government is selling a 24.99% stake in Parkin, which oversees public parking operations in the emirate, through an initial public offering in the emirate's first privatisation deal this year, Parkin said in a statement on Tuesday.
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