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Technical Summary

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News

UK Stocks-Factors to watch on Oct 5

Oct 5 (Reuters) - Britain's FTSE 100 .FTSE index is likely to open lower on Wednesday, with futures FFIc1 down 0.4%. * TESCO: Tesco TSCO.L , Britain's biggest retailer, forecast full-year core profit to be around the lower end of its previous guidance, saying there were significant uncertainties in the external environment. * SMMT: Britain recorded about 225,000 new car registrations in September, according to preliminary industry data released by the Society of Motor Manufacturers and Traders.
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HSBC eyes sale of multibillion-dollar Canadian business

By Lawrence White LONDON, Oct 4 (Reuters) - HSBC HSBA.L is considering selling its business in Canada, worth billions of dollars and one of the biggest international banking brands in the country, as it looks to beef up returns as demanded by its largest shareholder. "We are currently reviewing our strategic options with respect to our wholly owned subsidiary in Canada," the bank said in an emailed statement on Tuesday.
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UK banks told to reimburse customers tricked by scams

By Huw Jones LONDON, Sept 29 (Reuters) - Banks will have to reimburse within 48 hours customers tricked into sending money in a type of online scam that has become Britain's largest type of payment fraud, the Payment Systems Regulator proposed on Thursday. The PSR proposed that banks must reimburse payments over 100 pounds ($107.39) in "authorised push payment" (APP) scams.
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HSBC to review Canary Wharf tower HQ, consider new London base

By Sinead Cruise and Iain Withers LONDON, Sept 29 (Reuters) - HSBC HSBC.L is reviewing whether to keep its global headquarters in London's Canary Wharf, a staff memo seen by Reuters on Thursday showed, a decision which could see the bank swap the financial hub for a new home after more than 20 years. The bank said it wanted to assess its "best future location in London" ahead of its lease expiring at the 45-floor tower at 8 Canada Square in early 2027. HSBC, which is currently defending itself a
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UK banks told to reimburse customers tricked by scams

By Huw Jones LONDON, Sept 29 (Reuters) - Banks will have to reimburse customers tricked into sending money in a type of online scam that has become Britain's largest type of payment fraud, the Payment Systems Regulator proposed on Thursday. The PSR proposed that banks must reimburse payments over 100 pounds ($107.39) in "authorised push payment" (APP) scams.
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