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Greencore, UCB, Unilever

EUROPE RESEARCH ROUNDUP-Greencore, UCB, Unilever July 26 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Greencore, UCB, and Unilever, on Friday. HIGHLIGHTS * Greencore GNC.L : HSBC raises target price to 190p from 160p * Lonza Group AG LONN.S : JP Morgan raises target price to CHF 645 from CHF 600 * Sartorius Stedim Biotech STDM.PA : HSBC cuts target price to EUR 310 from EUR 360 * UCB SA UCB.BR : TD Cowen raises target price to E
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Turkey - Factors To Watch on July 26

UPDATE 1-Turkey - Factors To Watch on July 26 Adds Erdogan's programme ANKARA, July 26 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Friday. The lira TRYTOM=D3 traded at 33.12 50 against the U.S. dollar at 06 24 GMT, after closing at 33.06 on Thursday. The main BIST 100 share index .XU100 closed 1.09% lower at 10,871.48 points on Thursday.
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BNP Paribas aims at 'usual suspect' status in hard-to-crack UK market

ANALYSIS-BNP Paribas aims at 'usual suspect' status in hard-to-crack UK market By Mathieu Rosemain LONDON, July 26 (Reuters) - When acquisitive Czech billionaire Daniel Kretinsky set his eyes earlier this year on one of Britain's most iconic companies, the Royal Mail , he chose BNP Paribas BNPP.PA along with two Wall Street giants to advise him. The 3.57 billion pound ($4.63 billion) takeover of Royal Mail's owner IDSI.L still needs UK government approval , but the mandate shows the French bank'
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Turkey - Factors To Watch on July 26

Turkey - Factors To Watch on July 26 ANKARA, July 26 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Friday. The lira TRYTOM=D3 was quoted at 33.1 against the U.S. dollar at 0425 GMT, after closing at 33.06 on Thursday. The main BIST 100 share index .XU100 closed 1.09% lower at 10,871.48 points on Thursday. GLOBAL MARKETS The yen stabilized near a 12-week high against the dollar on Friday while Asia-Pacific equity markets remained on the back foot a day
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Iraq picks French, Spanish, Turkish firms and Deutsche Bank for Baghdad metro project

UPDATE 1-Iraq picks French, Spanish, Turkish firms and Deutsche Bank for Baghdad metro project Adds details BAGHDAD, July 25 (Reuters) - Iraq said on Thursday it had selected France's Systra and SNCF, Spain's Alstom, Talgo and SENER, and a number of Turkish construction firms, alongside Germany's Deutsche Bank to design, execute and operate the country's first metro system .
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Deutsche Bank plays down prospect of M&A any time soon

UPDATE 1-Deutsche Bank plays down prospect of M&A any time soon Updates with details from paragraph 2 FRANKFURT, July 25 (Reuters) - Deutsche Bank DBKGn.DE is focused on making itself stronger by doing its "homework" rather than considering mergers and acquisitions, the lender's finance chief said on Thursday, noting any tie-up could be "much further down the road".
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UK Libor trader Hayes given permission to appeal rate-rigging conviction at Supreme Court

UPDATE 1-UK Libor trader Hayes given permission to appeal rate-rigging conviction at Supreme Court Adds background and reaction in paragraphs 4-6, 8-10 LONDON, July 25 (Reuters) - Tom Hayes, the first trader jailed worldwide for interest rate rigging, has been given permission to appeal against his conviction at Britain's Supreme Court, his lawyers said on Thursday.
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Deutsche Bank focused on its "homework", not M&A

Deutsche Bank focused on its "homework", not M&A FRANKFURT, July 25 (Reuters) - Deutsche Bank is focused on making itself stronger by doing its "homework" and sees continued barriers to mergers and acquisitions, the lender's finance chief said on Thursday, suggesting the bank isn't currently focused on big tie-ups. "We remain focused on delivering our objectives," CFO James von Moltke told analysts.
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Maxlinear plunges after Q2 rev, forecast miss

BUZZ-Maxlinear plunges after Q2 rev, forecast miss ** Maxlinear's MXL.O shares down 30.7% premarket to $15.44 after integrated circuits provider's qtrly report disappoints ** MXL shares set to open at lowest since early Nov ** Co late Weds posted Q2 rev of $92 mln, down 50% yr/yr, missing LSEG estimate of $100 mln ** It sees Q3 rev of $70-$90 mln, down from $135.5 mln a year ago ** Analysts were calling for Q3 rev of ~$115.7 mln, per LSEG ** Roth MKM says reported and below-consensus rev guidanc
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UK Libor trader Hayes given permission to appeal rate-rigging conviction at Supreme Court

UK Libor trader Hayes given permission to appeal rate-rigging conviction at Supreme Court LONDON, July 25 (Reuters) - Tom Hayes, the first trader jailed worldwide for interest rate rigging, has been given permission to appeal against his conviction at the United Kingdom's Supreme Court, his lawyers said on Thursday. Hayes, a former star Citigroup C.N and UBS UBSG.S trader, was convicted in 2015 of conspiracy to defraud by manipulating Libor, a benchmark rate once used to price trillions of finan
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Iraq picks French, Spanish, Turkish firms and Deutsche Bank for Baghdad metro project

CORRECTED-Iraq picks French, Spanish, Turkish firms and Deutsche Bank for Baghdad metro project Corrects SENER to a Spanish firm not Turkish DUBAI, July 25 (Reuters) - Iraq selected France's Systra and SNCF, Spain's Alstom, Talgo and SENER, and a number of Turkish construction firms, alongside Germany's Deutsche Bank to design, build and operate Baghdad's metro, the prime minister's office said in a statement on Thursday.
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Barclays reaps hedge fund riches in battle of the prime brokers

EXCLUSIVE-Barclays reaps hedge fund riches in battle of the prime brokers Barclays climbs to fifth in prime brokerage fee battle Prime brokers serve hedge funds' increasingly complex needs Business shows stable returns & growing slice of equities fees By Sinead Cruise and Lawrence White LONDON, July 25 (Reuters) - Barclays BARC.L is winning business from its top Wall Street rivals in prime brokerage, a lucrative investment banking battleground where lenders are battling to serve hedge funds in a
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What's up with the yen?

LIVE MARKETS-What's up with the yen? STOXX 600 down 1.6% CAC 40 hits lowest since Jan UMG tumbles after results European semis weak Wall St futures lower Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com WHAT'S UP WITH THE YEN? Japan's yen has been experiencing some huge moves in recent weeks, rising against a raft of currencies.
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Air France-KLM misses profit forecast on higher costs

UPDATE 3-Air France-KLM misses profit forecast on higher costs Q2 operating profit 513 mln euros vs forecast 547 mln Sees unit costs up 2% in 2024 vs up 1-2% previously Group cutting discretionary costs, marketing spend Updates share move, adds CFO comments in paragraphs 6 and 12-13 By Stephanie Hamel July 25 (Reuters) - Airline group Air France-KLM AIRF.PA reported a worse-than-expected 30% drop in quarterly operating profit on Thursday, as higher labour and fuel costs erode margins even as rev
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Ascential Plc, Oxford Instruments, Reckitt Benckiser

EUROPE RESEARCH ROUNDUP-Ascential Plc, Oxford Instruments, Reckitt Benckiser July 25 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Ascential Plc, Oxford Instruments and Reckitt Benckiser, on Thursday. HIGHLIGHTS * Ascential Plc ASCL.L : HSBC raises target price to 568p from 370p * Oxford Instruments OXIG.L : HSBC raises target price to 2850p from 2500p * Reckitt Benckiser RKT.L : HSBC cuts target price to 4800p from 4900p * RS Gr
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Deutsche Bank AG reports results for the quarter ended in June - Earnings Summary

Deutsche Bank AG reports results for the quarter ended in June - Earnings Summary Deutsche Bank AG DBKGn.DE reported quarterly adjusted earnings of 76 cents​​ per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of six analysts for the quarter was for earnings of 42 cents per share.
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Euro zone banks see investment banking boost but outlook stalls shares

WRAPUP 2-Euro zone banks see investment banking boost but outlook stalls shares BNPP, Deutsche, Santander and UniCredit all report Banks beat expectations but concerns about outlook grow Shares fall, led by Deutsche after it axes buyback plan More European banks report this week and next By Mathieu Rosemain, Tom Sims and Valentina Za PARIS/FRANKFURT/MILAN, July 24 (Reuters) - The euro zone's biggest banks largely beat second quarter earnings expectations on Wednesday, benefiting from still-high
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Bank of England to trim Bank Rate on Aug 1 and once more this year, economists say

POLL-Bank of England to trim Bank Rate on Aug 1 and once more this year, economists say reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=GBBOEI%3DECI BoE poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=GBGDPQP economic poll data By Jonathan Cable LONDON, July 24 (Reuters) - The Bank of England will trim Bank Rate to 5% next week, a majority of economists said in a Reuters poll, and with inflation expected to hover around target, it will embark o
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Euro-banks offer glimpse of possible bad-debt wave

BREAKINGVIEWS-Euro-banks offer glimpse of possible bad-debt wave The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, July 24 (Reuters Breakingviews) - The recent rate-hike cycle in Europe and the United States has been one of the fastest in history, yet borrowers don’t seem to have felt much pain.
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Deutsche Bank says commercial real estate remains under pressure

Deutsche Bank says commercial real estate remains under pressure Bank posted its first loss in four years in the second quarter It has been contending with fallout from commercial real estate Pressure in real estate to remain in second half of 2024 By Stefania Spezzati and Tom Sims LONDON, July 24 (Reuters) - Deutsche Bank DBKGn.DE on Wednesday tempered exepectations for a recovery in the commercial real estate market and said it forecasts further pressure in the second half of the year.
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