London Stocks Inch Higher ahead of Budget

Annual budget statement due at 1230 GMT LSE Group gains; investors sell stock worth 1.9 bln pounds FTSE 100 up 0.3, FTSE 250 adds 0.6 March 6 Reuters UK shares edged up on Wednesday as investors analysed a fresh batch of corporate earnings, but caution prevailed ahead of the annual budget statement later in the […]
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Enbridge to Invest about 500 Million in Pipeline Assets

March 6 Reuters Pipeline operator Enbridge said on Wednesday it will invest about 500 million in expanding its pipeline and storage assets to improve its U.S. Gulf Coast presence. Enbridge operates North America39;s biggest oil pipeline network, the Mainline, which moves Canadian crude from Alberta to U.S. and eastern Canadian refineries. The company said it will […]
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Pirelli sees Limited Revenue, Margin Growth to 2025

MILAN, March 6 Reuters Italy39;s Pirelli said on Wednesday it saw revenue growth hardly exceeding 5 by next year, in a volatile environment of growing geopolitical tensions, slower growth and weaker demand due to inflation and high interest rates. In an update of its business plan to 2025, the tyremaker guided for revenues of between 6.8 […]
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German Institutes Cut 2024 Economic Growth Forecasts

BERLIN, March 6 Reuters Two German forecasting institutes cut their 2024 growth forecasts on Wednesday in the latest blow to the euro zone39;s largest economy. The Ifo institute reduced its forecast to 0.2, from its previous projection of 0.7 in January, citing weak consumption and high interest rates. The IfW Kiel Institute lowered its forecast to 0.1 […]
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UK Economy Forecast to Grow by 0.8 in 2024

LONDON, March 6 Reuters Britain39;s economy is forecast to grow by 0.8 this year after entering a recession in the second half of 2023, finance minister Jeremy Hunt said on Wednesday, citing the latest projections from the Office for Budget Responsibility OBR. The new figure for growth compared with a forecast for an expansion in […]
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