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BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks rebounded on Tuesday, as the dollar paused for breath and U.K. ten-year gilt yields slipped back after their recent surges.

The euro rose and the British pound stabilized after the Bank of England (BoE) vowed it 'will not hesitate' to change interest rates by as much as needed, intending to reassure markets unnerved by last Friday's budget.

The BoE governor said the central bank is closely monitoring the weakness in the pound amid the turmoil in markets which saw the pound fall to a record low against the dollar.

Markets widely expect a non-scheduled interest rate hike from the BoE if the currency situation does not improve.

The pan European Stoxx 600 rose 0.2 percent to 389.54 after declining 0.4 percent in the previous session.

The German DAX edged up marginally and France's CAC 40 index edged up 0.2 percent while the U.K.'s FTSE 100 was down 0.4 percent.

Italian payments group Nexi jumped 4 percent. The company said it aims to generate excess cash of around €2.8bn in 2023-2025 which can be used for merger and acquisitions or to return to shareholders.

Akzo Nobel N.V. declined 1.3 percent. The Dutch maker of paints and performance coating said that it expects a decline in adjusted operating income for the third quarter amid high macro-economic uncertainty - especially in Europe and China leading to a fall in consumer confidence.

Jungheinrich AG shares added 2.6 percent. Hans-Georg Frey has decided to resign as member and also as Chairman of the Supervisory Board with effect from the end of the Annual General Meeting on 11 May 2023.

Hugo Boss fell 2.5 percent after Deutsche Bank downgraded the stock to 'hold'.

Domino's Pizza Group fell 2.5 percent. The pizza chain announced that Elias Diaz Sese, currently a non-executive director of DPG, will become Chief Executive Officer, on an interim basis.

AstraZeneca dropped 1.3 percent. The drug maker said that Selumetinib, sold under the brand name Koselugo, has been approved in Japan.

Shares of Oxford Metrics slumped 6.7 percent after the smart sensing software company said it is unlikely to meet its fiscal 2022 market expectations.

Travel food outlet operator SSP advanced 3.5 percent after guiding for full-year profits slightly higher than expectations.

JD Sports lost 2.2 percent. The company has been fined by U.K. competition regulator after being found guilty of price fixing on official merchandise.

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BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - U.K. stocks edged lower on Tuesday and the pound clawed back some losses after Bank of England (BoE) Governor Andrew Bailey stated that the central bank will raise rates as much as necessary at its next meeting to bring inflation back to the 2 percent target.

The BoE governor said the central bank is closely monitoring the weakness in the pound amid the turmoil in markets which saw the pound fall to a record low against the dollar.

Markets widely expect a non-scheduled interest rate hike from the BoE if the currency situation does not improve.

The benchmark FTSE 100 slipped 24 points, or 0.4 percent, to 6,996 after finishing marginally higher on Monday.

Domino's Pizza Group fell 2.5 percent. The pizza chain announced that Elias Diaz Sese, currently a non-executive director of DPG, will become Chief Executive Officer, on an interim basis.

AstraZeneca dropped 1.3 percent. The drug maker said that Selumetinib, sold under the brand name Koselugo, has been approved in Japan.

Shares of Oxford Metrics slumped 6.7 percent after the smart sensing software company said it is unlikely to meet its fiscal 2022 market expectations.

Travel food outlet operator SSP advanced 3.5 percent after guiding for full-year profits slightly higher than expectations.

JD Sports lost 2.2 percent. The company has been fined by U.K. competition regulator after being found guilty of price fixing on official merchandise.

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BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - French stocks rose on Tuesday after recent string of losses on concerns over a combination of interest-rate, currency and economic risks.

The euro rose and the British pound stabilized after the Bank of England vowed it 'will not hesitate' to change interest rates by as much as needed, intending to reassure markets unnerved by last Friday's budget.

The benchmark CAC 40 edged up 34 points, or 0.6 percent, to 5,802 after closing 0.2 percent lower on Monday.

Economy-sensitive automakers were on the rise, with Renault climbing 1.5 percent.

Travel related stocks also gained ground, with Franco-Dutch airline Air France KLM rising 1.2 percent.

Banks traded mixed as Eurozone bond yields hit multi-year highs.

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BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German stocks rose notably on Tuesday as the dollar paused for breath and U.K. ten-year gilt yields slipped back after their recent surges.

Euro zone government bond yields rose to new multi-year highs, with German 10-year bond yields hovering near 11-year highs as investors awaited comments from four members of the European Central Bank Governing Council later in the day.

The benchmark DAX was up 113 points, or 0.9 percent, at 12,341 after losing half a percent the previous day.

Jungheinrich AG shares jumped 3 percent. Hans-Georg Frey has decided to resign as member and also as Chairman of the Supervisory Board with effect from the end of the Annual General Meeting on 11 May 2023.

Hugo Boss fell 1.7 percent after Deutsche Bank downgraded the stock to 'hold'

Automakers BMW and Volkswagen were up over 1 percent.

Travel related stocks were also gaining ground, with Lufthansa adding 1.4 percent and TUI climbing 2 percent.

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CANBERA (dpa-AFX) - Asian stocks steadied on Tuesday after recent string of losses on worries that efforts by central banks to curb inflation may trigger a global inflation.

The dollar rally paused, and U.S. Treasury yields retreated from multi-year highs, helping investors look for bargains in beaten-down stocks.

Chinese mainland markets rose after the People's Bank of China injected about $24.7 billion of liquidity via repo market operations to maintain liquidity in the banking system ahead of he quarter's end.

Investors shrugged off data showing that profits at Chinese industrial firms fell further in August amid COVID woes, a weakening yuan and a power shortage.

The benchmark Shanghai Composite index rallied 1.40 percent to 3,093.86 while Hong Kong's Hang Seng index finished marginally higher at 17,860.31.

Japanese shares rebounded after falling sharply in the previous three sessions. The Nikkei average rose 0.53 percent to 26,571.87 while the broader Topix index ended 0.47 percent higher at 1,873.01.

Among automakers, Honda is adding almost 2 percent and Toyota is gaining more than 1 percent.

Automakers gained ground, with Toyota Motor, Honda and Nissan rising 1-2 percent as Finance Minister Shunichi Suzuki warned against speculative moves in the currency market and the Bank of Japan conducted another unscheduled operation to curb rising yields.

Seoul stocks ended slightly higher to snap a four-day decline on concerns over aggressive monetary tightening moves in major economies.

The Kospi average ended 0.13 percent higher at 2,223.86 after a survey showed consumer confidence in the country strengthened in September. Automaker Hyundai Motor paced the gainers to close 1.9 percent higher at 186,000 won.

Australian markets bounced back, led by gains in the resource sector. The benchmark S&P ASX 200 edged up 0.41 percent to 6,496.20 while the broader All Ordinaries index settled 0.43 percent higher at 6,696.50.

BHP, Rio Tinto, Fortescue Metals Group and Mineral Resources jumped 3-6 percent. Star Entertainment added 1.1 percent. The company said it had developed a comprehensive remediation plan after it was found unfit to hold a casino license in Sydney.

Across the Tasman, New Zealand's benchmark NZX-50 index fell 1.93 percent to 11,214.49 as trading resumed after a long holiday weekend.

U.S. stocks extended their losing streak to a fifty day on Monday as investors fretted over a combination of interest-rate, currency and economic risks.

The Dow fell 1.1 percent to fall into a bear market for the first time in more than two years as recessions fears grew.

The S&P 500 lost 1 percent to fell below its June closing low and the tech-heavy Nasdaq Composite shed 0.6 percent.

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BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks may open a tad higher on Tuesday as investors hunt for bargains in beaten-down stocks.

U.S. inflation is 'unacceptably high' and therefore more restrictive policy will be needed for longer to ensure inflation expectations do not move up, said Cleveland Fed President Loretta Mester.

The World Bank has cut its 2022 full-year growth forecast for the East Asia and Pacific region to 3.2 percent from its April forecast of 5 percent, citing a sharp slowdown in China as a result of its strict zero-COVID rules.

Asian markets struggled to recover from recent string of losses as data showed profits at China's industrial firms shrank at an accelerated pace from January to August.

The dollar index was marginally weaker, helping oil prices rebound from near-month lows hit on Monday.

Gold edged up but held close to a 2-1/2-year low on expectations of further policy tightening by the U.S. Federal Reserve.

Money supply data from the euro area is due later in the session, headlining a light day for the European economic news.

ECB Chief Christine Lagarde is scheduled to speak at an online conference organized by the Banque de France in Paris.

Across the Atlantic, reports on durable goods orders, consumer confidence and new home sales are likely to attract attention later today along with remarks by Fed Chair Jerome Powell.

U.S. stocks extended their losing streak to a fifty day on Monday as investors fretted over a combination of interest-rate, currency and economic risks.

The Dow fell 1.1 percent to fall into a bear market for the first time in more than two years as recessions fears grew.

The S&P 500 lost 1 percent to fall below its June closing low and the tech-heavy Nasdaq Composite shed 0.6 percent.

European markets settled broadly lower on Monday, as Britain's new chancellor Kwasi Kwarteng announced a sweeping package of tax cuts and ECB President Christine Lagarde said the central bank would continue increasing borrowing costs over the next several meetings despite a 'darkening' economic outlook.

The pan European Stoxx 600 declined 0.4 percent. The German DAX dipped half a percent and France's CAC 40 index slipped 0.2 percent while the U.K.'s FTSE 100 ended flat with a positive bias.

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CANBERA (dpa-AFX) - Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from global markets overnight, with traders remaining cautiously optimistic as they believe the heavy selling in recent sessions has been overdone. The strengthening of the US dollar against Asian currencies also weighed on market sentiment. Asian markets closed mostly lower on Monday.

'Such U.S. dollar strength has historically led to some kind of financial/economic crisis,' said Morgan Stanley chief U.S. equity strategist Michael Wilson. 'If there was ever a time to be on the lookout for something to break, this would be it.'

Concerns about the outlook for the global economy also continued to weigh on the markets amid worries the increases in interest rates around the world will lead to a recession. The Fed and other central banks have indicated they plan to continue raising rates in an effort to combat stubbornly elevated inflation.

The Australian stock market modestly higher on Tuesday, recouping some of the losses in the previous three sessions, with the benchmark S&P/ASX 200 just below the 6,500 level, despite the broadly negative cues from global markets overnight, with gains across most sectors as the market rebounded after the recent sell-off.

The benchmark S&P/ASX 200 Index is gaining 10.80 points or 0.17 percent to 6,480.20, after touching a high of 6,509.50 earlier. The broader All Ordinaries Index is up 10.60 points or 0.16 percent to 6,678.10. Australian stocks closed sharply lower on Monday.

Among the major miners, Rio Tinto and BHP Group are gaining more than 2 percent each, while Mineral Resources is adding more than 4 percent, OZ Minerals is up 1.5 percent and Fortescue Metals is advancing almost 4 percent.

Oil stocks are higher. Origin Energy is edging up 0.4 percent, Beach energy is gaining more than 1 percent, Santos adding almost 2 percent and Woodside Energy is advancing more than 2 percent each.

Among tech stocks, Xero is losing almost 1 percent, while Afterpay owner Block, WiseTech Global and Zip are edging down 0.4 to 0.5 percent each. Appen is gaining almost 1 percent.

Gold miners are mostly higher. Evolution Mining and Gold Road Resources are edging up 0.4 percent each, while Northern Star Resources is gaining almost 2 percent and Newcrest Mining is rising more than 2 percent. Resolute Mining is flat.

Among the big four banks, Commonwealth Bank, Westpac, National Australia Bank and ANZ Banking are edging down 0.1 to 0.3 percent each.

In other news, shares in MetalsGrove Mining are skyrocketing 48 percent after the Lithium explorer announced the discovery of a significant lithium deposit at one of its sites in Western Australia.

In the currency market, the Aussie dollar is trading at $0.648 on Tuesday.

The Japanese stock market is significantly higher on Tuesday, recouping some of the losses in the previous three sessions, with the Nikkei 225 moving above the 26,600 level, despite the broadly negative cues from global markets overnight, with minor gains across most sectors as the market rebounded after the recent sharp sell-off.

The benchmark Nikkei 225 Index closed the morning session at 26,651.60, up 220.05 points or 0.83 percent, after touching a high of 26,680.20 earlier. Japanese shares ended sharply lower on Monday.

Market heavyweight SoftBank Group is flat and Uniqlo operator Fast Retailing is edging up 0.3 percent. Among automakers, Honda is adding almost 2 percent and Toyota is gaining more than 1 percent.

In the tech space, Advantest and Screen Holdings are gaining more than 1 percent each, while Tokyo Electron is losing almost 1 percent. In the banking sector, Mitsubishi UFJ Financial is adding more than 1 percent, Mizuho Financial is gaining almost 1 percent and Sumitomo Mitsui Financial is edging up 0.5 percent.

The major exporters are mostly higher, with Sony gaining almost 1 percent, Mitsubishi Electric adding more than 1 percent and Panasonic edging up 0.2 percent, while Canon is edging down 0.2 percent.

Among the other major gainers, Mitsui E&S Holdings is gaining more than 4 percent, while Hitachi Zosen and Konami Group are adding almost 4 percent each. Shiseido is advancing more than 3 percent and Kao is up more than 3 percent.

Conversely, there are no major losers.

In the currency market, the U.S. dollar is trading in the mid-144 yen-range on Tuesday.

Elsewhere in Asia, New Zealand is plunging 1.2 percent after a holiday, while Hong Kong, South Korea, Singapore and Indonesia are lower by between 0.3 and 1.0 percent each. Malaysia and Taiwan are up 0.3 and 0.4 percent, respectively. China is relatively flat.

On Wall Street, stocks fluctuated early in the session but moved notably lower over the course of the trading day on Monday. The major averages added to the steep losses posted last week, with the Dow and the S&P 500 falling to their lowest closing levels since late 2020.

The major averages all finished the day firmly in negative territory. The Dow tumbled 329.60 points or 1.1 percent to 29,260.81, the Nasdaq slid 65.00 points or 0.6 percent to 10,802.92 and the S&P 500 slumped 38.19 points or 1.0 percent to 3,655.04.

The major European markets also moved to the downside on the day. While the U.K.'s FTSE 100 Index ended the day little changed, the French CAC 40 Index dipped by 0.2 percent and the German DAX Index fell by 0.5 percent.

Crude oil prices tumbled to near nine-month lows on Monday, extending losses from the previous session amid rising concerns about the outlook for fuel demand due to increasing possibility of a global recession. West Texas Intermediate Crude oil futures for November ended lower by $2.03 or 2.6 percent at $76.71 a barrel.

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BEIJING (dpa-AFX) - The China stock market has moved lower in four straight trading days, slipping more than 70 points or 2.4 percent along the way. The Shanghai Composite Index now sits just above the 3,050-point plateau and it's likely to see continued consolidation on Tuesday.

The global forecast for the Asian markets continues to be soft on concerns about interest rates and the global economy. The European and U.S. markets were down again and the Asian markets, despite being badly oversold at this point, are expected to at least open in the red.

The SCI finished sharply lower on Monday following losses from the financial shares, resource stocks and oil companies, while the property sector was mixed.

For the day, the index slumped 37.14 points or 1.20 percent to finish at 3,051.23 after trading between 3,048.51 and 3,102.65. The Shenzhen Composite Index lost 14.69 points or 0.75 percent to end at 1,949.00.

Among the actives, Industrial and Commercial Bank of China slumped 1.14 percent, while Bank of China retreated 1.29 percent, China Construction Bank declined 1.42 percent, China Merchants Bank slumped 1.19 percent, Bank of Communications skidded 1.08 percent, China Life Insurance eased 0.19 percent, Jiangxi Copper plunged 4.58 percent, Aluminum Corp of China (Chalco) plummeted 6.14 percent, Yankuang Energy weakened 1.25 percent, PetroChina cratered 6.07 percent, China Petroleum and Chemical (Sinopec) tanked 4.47 percent, Huaneng Power sank 1.24 percent, Maanshan Iron & Steel tumbled 4.23 percent, China Shenhua Energy surrendered 2.63 percent, Gemdale jumped 1.72 percent, Poly Developments advanced 0.80 percent, China Vanke eased 0.40 percent and China Fortune Land was down 3.38 percent.

The lead from Wall Street continues to be negative as the major averages were unable to hold early support on Monday, accelerating to the downside as the day progressed.

The Dow tumbled 329.60 points or 1.11 percent to finish at 29.260.81, while the NASDAQ dropped 65.00 points or 0.60 percent to close at 10.802.92 and the S&P 500 fell 38.19 points or 1.03 percent to end at 3,655.04.

A continued surge in the value of the U.S. dollar contributed to the weakness on Wall Street, with the greenback hitting a record high versus the British pound.

Concerns about the outlook for the global economy also continued to weigh on the markets amid worries the increases in interest rates around the world will lead to a recession. The Fed and other central banks have indicated they plan to continue raising rates in an effort to combat stubbornly elevated inflation.

The extended weakness on Wall Street also came amid a spike in treasury yields, with the yield on the benchmark 10-year note soaring to a 12-year high.

Crude oil prices tumbled to near nine-month lows on Monday, extending losses from the previous session amid rising concerns about the outlook for fuel demand due to increasing possibility of a global recession. West Texas Intermediate Crude oil futures for November ended lower by $2.03 or 2.6 percent at $76.71 a barrel.

Closer to home, China will release August figures for industrial profits; in July, profits were up 0.80 percent on year and down 1.1 percent year-to-date.

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BEIJING (dpa-AFX) - China will on Tuesday release August figures for industrial profits, headlining a very light day in Asia-Pacific economic activity.

In July, profits were up 0.80 percent on year and down 1.1 percent year-to-date.

South Korea will see September results for the central bank's consumer confidence index; in August, the index score was 88.8.

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WASHINGTON (dpa-AFX) - Stocks fluctuated early in the session but moved notably lower over the course of the trading day on Monday. The major averages added to the steep losses posted last week, with the Dow and the S&P 500 falling to their lowest closing levels since late 2020.

The major averages all finished the day firmly in negative territory. The Dow tumbled 329.60 points or 1.1 percent to 29,260.81, the Nasdaq slid 65.00 points or 0.6 percent to 10,802.92 and the S&P 500 slumped 38.19 points or 1.0 percent to 3,655.04.

A continued surge in the value of the U.S. dollar contributed to the weakness on Wall Street, with the greenback hitting a record high versus the British pound.

Aggressive interest rate hikes by the Federal Reserve continue to contribute to the increase by the dollar along with Britain's new chancellor Kwasi Kwarteng's announcement of a sweeping package of tax cuts.

'Such U.S. dollar strength has historically led to some kind of financial/economic crisis,' said Morgan Stanley chief U.S. equity strategist Michael Wilson. 'If there was ever a time to be on the lookout for something to break, this would be it.'

Concerns about the outlook for the global economy also continued to weigh on the markets amid worries the increases in interest rates around the world will lead to a recession.

The Fed and other central banks have indicated they plan to continue raising rates in an effort to combat stubbornly elevated inflation.

In the coming days, traders are likely to keep an eye on reports on durable goods orders, consumer confidence, new home sales and personal income and spending.

The extended weakness on Wall Street also came amid a spike in treasury yields, with the yield on the benchmark ten-year note soaring to a twelve-year high.

Sector News

Airline stocks extended their recent sell-off amid concerns about the outlook for demand, resulting in a 4.5 percent nosedive by the NYSE Arca Airline Index. The index plummeted to a two-year closing low.

Substantial weakness was also visible among natural gas stocks, which saw further downside despite an increase by the price of the commodity. The NYSE Arca Natural Gas Index plunged by 3.2 percent to its lowest closing level in well over two months.

Interest rate-sensitive housing, commercial real estate and utilities stocks also saw considerable weakness due to worries out the impact of higher rates.

Energy, computer hardware and steel stocks also showed notable moves to the downside amid broad based weakness on Wall Street.

Other Markets

In overseas trading, stock markets across the Asia-Pacific region moved notably lower during trading on Monday. Japan's Nikkei 225 Index plunged by 2.7 percent, while China's Shanghai Composite Index slumped by 1.2 percent.

Most European stocks also moved to the downside on the day. While the U.K.'s FTSE 100 Index ended the day little changed, the French CAC 40 Index dipped by 0.2 percent and the German DAX Index fell by 0.5 percent.

In the bond market, treasuries pulled back sharply after ending last Friday's trading slightly higher. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, skyrocketed 18.1 basis points to a twelve-year closing high of 3.878 percent.

Looking Ahead

Reports on durable goods orders, consumer confidence and new home sales are likely to attract attention on Tuesday along with remarks by Fed Chair Jerome Powell.

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OTTAWA (dpa-AFX) - Royal Bank of Canada (RBC) said on Tuesday that it has completed the acquisition of Brewin Dolphin Holdings Plc, a British wealth management firm.

The newly acquired firm will now function as 'RBC Brewin Dolphin', and will continue to be led by CEO, Robin Beer.

The acquisition has been completed for a final consideration of around C$2.4 billion or 515 pence per share.

The lender has noted that the RBC Wealth Management International and RBC Brewin Dolphin will continue to run as separate units until integration in the future.

Doug Guzman, Group Head of RBC Wealth Management, RBC Insurance and RBC Investor & Treasury Services, said: 'Bringing together these complementary teams will establish and secure RBC Wealth Management's position as a leading wealth manager in the UK and Ireland.This platform enhances our franchise's global brand, scale and stability, as we strengthen our leading position across North America and now the UK.'

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LONDON (dpa-AFX) - A.G. Barr Plc (BAG.L), a British soft drink maker, on Tuesday posted a rise in earnings for the first-half, reflecting a sales growth across all of its core brands, driven by Covid-19 recovery.

For the 26-week period to July 31, the Cumbernauld-headquartered company posted a pre-tax income of 24.7 million pounds that edged up from 24.4 million pounds a year ago.

Adjusted profit before tax rose to 25.3 million pounds from 20.6 million pounds of previous year period.

Post-tax earnings stood at 20.9 million pounds or 18.81 pence per share, higher than last year's 14.2 million pounds or 12.71 pence per share.

Operating profit was at 25.5 million pounds as against 24.6 million pounds posted for the first-half of 2021.

A.G. Barr generated sales of 157.9 million pounds versus 135.3 million pounds of previous fiscal.

For the first-half, the Board has declared an interim dividend of 2.5 pence per share, higher than last year's 2 pence per share. The dividend will be paid on October 28, to shareholders of record on October 7.

Roger White, Chief Executive, said: 'We anticipate in the coming months that the current economic environment will impact consumer purchasing behaviour, however we currently remain confident that our strategy and actions will allow us to deliver a full-year profit performance ahead of the prior year.'

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LONDON (dpa-AFX) - Balfour Beatty (BBY), a U.K.-based international infrastructure group, on Tuesday announced that it has been appointed as the sole contractor to both the SCAPE Civil Engineering framework, covering England, Wales and Northern Ireland worth 3.25 billion pounds, and the SCAPE Scotland Civil Engineering framework, covering the entirety of Scotland, worth 750 million pounds.

SCAPE Group is a public sector organization, dedicated to creating spaces, places and experiences that leave a sustainable legacy for local communities. Since 2006, SCAPE Group has accelerated over 12,000 projects across the UK through its direct award frameworks, property services and innovative design solutions. The frameworks cover a period of four years, with an option for a two-year extension.

Shares of Balfour Beatty closed Monday's trading at 321.80 pence, down 4.60 pence or 1.41 percent from the previous close.

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LONDON (dpa-AFX) - UK merchant banking group Close Brothers Group PLC (CBG.L) on Tuesday reported operating profit before tax of 232.8 million pounds for the year ended July 31, 2022, lower than 265.2 million pounds last year.

Excluding one-time items, adjusted operating profit reduced 13% to 234.8 million pounds from 270.7 million pounds in the prior year, primarily reflecting a lower income in Winterflood and increase in impairment charges.

Net profit for the year declined to 165.2 million pounds or 110.4p per basic share from 202.1 million pounds or 134.8p per basic share a year ago.

Adjusted basic earnings per share was 111.5p per share compared with 140.4p per share in the previous year.

Net interest income increased to 578 million pounds from 537.5 million pounds last year.

The board has proposed a final dividend of 44.0p per share, resulting in a full-year dividend per share of 66.0p, up 10% on the prior year. The final dividend will be paid on November 22 to shareholders on the register as on October 14.

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LONDON (dpa-AFX) - Weir Group PLC (WEIR.L) said conditions in its markets and the guidance provided in half year results statement of 28 July 2022 are unchanged. The Group targets: mid to high single digit percentage revenue growth through the cycle; and grow operating margins above 17% beyond 2023.

Separately, Weir announced a new alliance with Swiss Tower Mills Minerals AG in which Weir will market STM's vertical stirred grinding mills for coarse grinding applications world-wide.

Ricardo Garib, Weir Minerals Divisional President, said. 'Integrating STM mills with Weir's comminution products, which includes Enduron high pressure grinding rolls and Enduron screens, will improve throughput and help bring substantial reductions in carbon emissions.'

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BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Domino's Pizza Group (DOM.L, DPZ) announced that Elias Diaz Sese, currently a non-executive director of DPG, will become Chief Executive Officer, on an interim basis. This will be effective from 10th October 2022. The Group also noted that Edward Jamieson will join the DPG Board as Chief Financial Officer on 17th October 2022.

Elias Diaz Sese said: 'For the past three years I've worked closely with the Board and management team to create the current strategy, which I firmly believe is the right one to drive Domino's future growth, and which I'm committed to executing at pace.'

Domino's will release third quarter trading update on 10th November 2022.

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WARRINGTON (dpa-AFX) - United Utilities Group PLC (UU.L, UUGRY.PK) said, due to moderately lower than forecast consumption, group revenue for the first half is expected to be around 1 percent lower than last year. The Group expects this lower consumption to continue into the second half of the year and therefore full year group revenue is expected to be lower than the guidance given in May.

United Utilities noted that its underlying operating costs are now expected to be 65 million pounds higher for the first half leading to a lower underlying operating profit than the first half of last year.

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WASHINGTON (dpa-AFX) - Southwest Airlines Co. (LUV) said that Mike Van de Ven plans to step down from his role as Chief Operating Officer at the end of September and from his role as President at the end of December. Chief Executive Officer Bob Jordan will assume the additional role of President, effective Jan. 1, 2023.

Mike will become an Executive Advisor for the Company at the start of 2023.

The company announced several other leadership changes, effective October 1, 2022.

The company promoted Andrew Watterson to Chief Operating Officer from Executive Vice President & Chief Commercial Officer. Watterson joined Southwest Airlines in 2013 with a wealth of commercial and operational experience-from time serving the U.S. Army, to consulting air carriers across the globe in airline operations at both Oliver Wyman and Ernst & Young, and in leadership at Hawaiian Airlines.

Ryan Green is promoted from Senior Vice President & Chief Marketing Officer to Executive Vice President & Chief Commercial Officer. In addition to his continued Leadership of the Marketing and Customer Experience & Engagement departments, Green will provide oversight to the Commercial Planning, Revenue Management & Pricing, and Southwest Business departments.

Linda Rutherford is promoted from Executive Vice President People & Communications & Chief Communications Officer to Chief Administration & Communications Officer.

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WASHINGTON (dpa-AFX) - Professional services firm Marsh & McLennan Companies Inc. (MMC) announced Monday that John Doyle, 58, has been named President and Chief Executive Officer, effective January 1, 2023.

Doyle succeeds Daniel Glaser, 62, who will retire from Marsh McLennan at year end after ten years in the role. Glaser will also retire from the company's Board of Directors, while Doyle will join the Board as a Director effective January 1, 2023.

Doyle has served as Group President and Chief Operating Officer of Marsh McLennan since January 2022. Prior to that, he was President and CEO of Marsh, the company's risk advisory and insurance solutions business, from 2017 to 2021.

The retiring CEO, Glaser, has served as President and Chief Executive Officer since 2013. Prior to that, he served as Group President and Chief Operating Officer of the Company. He rejoined Marsh McLennan in December 2007 as Chairman and Chief Executive Officer of Marsh, where he began his career in 1982.

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WASHINGTON (dpa-AFX) - Omnichannel retailer Macy's, Inc. announced Monday plans to hire colleagues for more than 41,000 full- and part-time seasonal positions for the upcoming holiday season.

The colleagues will be positioned at its Macy's, Bloomingdale's and Bluemercury stores, supply chain locations and call centers.

Candidates are encouraged to apply online through the company careers sites or join them in person for an on-the-spot interview during its monthly hiring events at the stores and supply chain locations across the country.

The next holiday hiring event comes on October 6.

The company noted that the number of seasonal opportunities is relatively consistent with the number of open positions in prior years.

Macy's colleagues will be offered opportunities ranging from entry-level roles to leadership roles.

Seasonal colleagues will also have access to new opportunities, as colleagues are actively converted to permanent roles. In 2021, more than 10,300 seasonal colleagues earned permanent positions throughout the holiday season.

Permanent colleagues earn an average base pay above $17 an hour and average total pay of $20 an hour along with the opportunity to work additional hours with flexible schedules.

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BERLIN (dpa-AFX) - Confidence among German exporters deteriorated further in September to reach its lowest level in more than two years and the trend is likely to continued amid a slowdown in the global economy, survey results from the ifo Institute showed on Tuesday.

The ifo Export Expectations index slipped to -6.0 points from -2.8 points in August. This was the lowest score since May 2020. The index fell for the fourth month in a row.

'There is currently no sign of growth in exports and, as the global economy is slowing, there is also no reason to expect any major change in the medium term,' ifo Institute President Clemens Fuest said.

Export expectations fell across all manufacturing industries. The chemical and furniture manufacturers indicated the most negative expectations.

For the next three months, the metal industry has become considerably more pessimistic about exports.

Meanwhile, beverage and automotive manufacturers expect a rise in exports in the coming months.

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ROME (dpa-AFX) - Italy's non-EU trade balance turned to a deficit in August from a surplus in the previous year, as imports grew more rapidly than exports, data from the statistical office Istat showed on Tuesday.

The non-EU trade balance logged a deficit of EUR 5.792 billion in August versus a surplus of EUR 1.298 billion in the same month last year.

In July, there was a shortfall of EUR 2.828 billion.

Annual export growth accelerated from 14.2 percent in July to 22.0 percent in August.

Meanwhile, imports grew significantly by 70.9 percent yearly in August, following a 72.9 percent surge in the prior month.

On a monthly basis, exports fell a seasonally adjusted 7.0 percent and imports slid 3.6 percent.

The monthly downward trend in exports was largely due to sharp falls in outflows of energy and capital goods.

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LONDON (dpa-AFX) - The Bank of England is ready to alter its interest rates by as much as needed to bring the inflation back to the 2 percent target, Governor Andrew Bailey said in a statement late Monday.

The BoE governor said the central bank is closely monitoring the weakness in the pound.

The currency weakened to a record low over the weekend against the U.S. dollar after the new Treasurer Kwasi Kwarteng's mini budget announcement last Friday, which included massive tax cuts and energy price guarantee. The government bonds also came under severe selling pressures amid concerns over the sustainability of public finances.

Markets widely expect a non-scheduled interest rate hike from the BoE if the currency situation does not improve.

The BoE has been tightening its monetary policy since December 2021 to tame surging inflation. The bank expects inflation to peak below 11.0 percent in October.

Bailey said the energy price guarantee will help to reduce the near-term peak in inflation.

'I welcome the Government's commitment to sustainable economic growth, and to the role of the Office for Budget Responsibility in its assessment of prospects for the economy and public finances,' said Bailey.

The governor said the monetary policy committee will make a full assessment at its next scheduled meeting of the impact on demand and inflation from the Government's announcements, and the fall in sterling, and act accordingly.

The BoE's statement released late on Monday's session did not seem to calm expectations of an emergency inter-meeting hike, economists at ING said. There are other areas where the BoE and Treasury can restore confidence, they added.

Kwarteng unveiled an update on the Growth Plan announced on September 23. The chancellor will set out his Medium-Term Fiscal Plan on November 23.

He confirmed that there will be a Budget in the Spring, with a further Office for Budget Responsibility forecast.

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HELSINKI (dpa-AFX) - Finland's consumer confidence weakened to a fresh record low in September, while industrial sentiment continued its falling trend, separate survey results showed on Tuesday.

The consumer confidence index dropped to -18.3 in September from -14.9 in August.

Further, this was the lowest score in the entire measuring history, Statistics Finland said.

The data was collected from 1,003 persons between 1 to 18 September.

The consumer's opinion of their own economy declined significantly from one year ago in September compared to August.

Households' expectations concerning their own and Finland's economy in 12 months' time were gloomier in September than ever before.

Inflation estimates during the survey period and the subsequent 12 months were the highest in the survey's history.

Separately, data from the Confederation of Finnish Industries showed that industrial confidence fell to -1 in September from 2 in August. The reading was below the long-term average of 1.

However, production expectations for the coming months are still positive. Order books remained almost at the previous month's levels and are still above normal levels.

The services confidence indicator dropped from 2 in August to 1 in September. Similarly, the retail confidence indicator fell slightly from -20 to -21.

Meanwhile, the construction confidence index improved further to -6 in September from -16 a month ago.

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BEIJING (dpa-AFX) - China's industrial profits declined at a faster pace in the January to August period, data published by the National Bureau of Statistics showed on Tuesday.

Industrial profits fell 2.1 percent on a yearly basis during the year-to-date period compared to the 1.1 percent decrease in the January to July period.

Industrial profits data covers firms with revenue of at least CNY 20 million. The NBS did not provide industrial profits for the month of August.

Revenues of these firms advanced 8.4 percent during January to August from the same period last year.

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LONDON (dpa-AFX) - Despite economic pressures, UK house price inflation accelerated in September driven by middle and high-end market sectors, data from property website Rightmove showed Monday.

Average asking prices increased 8.7 percent on a yearly basis in September, faster than the 8.2 percent rise in August.

Month-on-month, house prices gained 0.7 percent, in contrast to the 1.3 percent fall in August. The rise in new seller asking prices was in line with the ten-year September average increase of 0.6 percent.

The price growth in the middle and high-end sectors highlights that even when finances are more stretched, many of the reasons for looking to move up the ladder remain, Rightmove noted.

Further, the stamp duty cut announced in the mini-budget is set to underpin demand from first-time buyers.

Data showed that the number of homes coming to market increased 16 percent in September compared to this time last year, which is a return to 2019 levels.

If Friday's budget announcement lead to a big jump in prospective buyers competing for the constrained number of properties for sale, then it could lead to some unseasonal price rises over the next few months, Tim Bannister Rightmove's Director of Property Science said.

'With more buyer demand we would also expect that the current trend of more properties coming to market will continue, offering more choice for buyers,' Bannister added.

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