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Premarket Futures | FTSE +2 | DAX +5 | DOW +5 | S&P +0.7 | Nasdaq UNCH |
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With light volumes due to the Veterans Day holiday and lack of economic news the U.S. markets drifted lower. Closing numbers Nasdaq - 10.89, Dow Jones down 18.74 and S&P down 0.54. Cable & Wireless reported an expected drop in first half revenue and said it made progress in its U.S. exit, shaving 200 million pounds off lease commitments. Second quarter revenue fell to 1.939 billion pounds, in line with forecasts between 1.873 billion and 1.993 billion pounds. Business Post posted a 13 percent rise in first-half profits and said trading since the end of the fiscal first half had been encouraging and in line with its expectations. profit rose to 8.0 million pounds from 7.1 million a year earlier. The firm raised its interim dividend by 6.25 percent to 5.95 pence per share. Luminar Britain's biggest nightclub operator posted a 20 percent fall in first-half profit and said it would hive off 63 clubs to focus on stronger branded venues amid tough trading conditions. It made a profit of 27 million pounds with analyst forecasts from 26.0-27.6 million pounds. Dairy Crest Group posted a 12 percent rise in half-year profits on Wednesday and said it expected its performance for the full year to show continuing good progress. Profits of 35.4 million pounds with in line with analyst forecasts, Corus announce a rights issue but not as bad as the market feared. |
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