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News

11 May Landsec takes £1.2bn hit to property portfolio as Covid-19 bites

Posted at 11:51h in News by KMFSLLP 0 Comments

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UK landlord says economy is unlikely to recover to pre-virus levels before 2022

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11 May REFILE-Defensives, upbeat earnings lift European shares

Posted at 08:08h in News by KMFSLLP 0 Comments

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European shares edged higher on Tuesday following a clutch of upbeat quarterly earnings reports, but investors remained cautious of a resurgence in new coronavirus cases as hard-hit economies lift lockdowns.

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11 May UPDATE 1-Lebanon to hold detailed IMF talks on Wednesday-source

Posted at 07:51h in News by KMFSLLP 0 Comments

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Lebanon will begin detailed discussions with the International Monetary Fund (IMF) on Wednesday, sources close to the government said, as Beirut seeks financial aid from the Fund to deal with a major financial crisis.

11 May Shanghai shares end lower on virus resurgence fears, fall in factory prices

Posted at 07:48h in News by KMFSLLP 0 Comments

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* Dollar-traded B-shares plunge on delisting concerns - analyst

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11 May UPDATE 1-Telecoms firm Iliad keeps targets after sales rise, mostly before lockdowns

Posted at 07:36h in News by KMFSLLP 0 Comments

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Telecoms group Iliad said on Tuesday that business activity and the rollout of its broadband networks had slowed sharply because of coronavirus lockdowns in France and Italy but it kept its full-year targets.

11 May UPDATE 1-Insurer Aegon’s Q1 pretax income misses expectations

Posted at 07:35h in News by KMFSLLP 0 Comments

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U.S.-Dutch insurer Aegon NV on Tuesday reported worse than expected first-quarter underlying income due to the impact of coronavirus and falling interest rates in the United States, where it does the bulk of its business under the Transamerica brand.

11 May UPDATE 2-Norway shatters wealth fund spending cap amid pandemic

Posted at 07:35h in News by KMFSLLP 0 Comments

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* To introduce tax on fish farms in 2021 (Adds currency, detail, GDP data)

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11 May Germany’s BaFin worried about default impact on banks amid crisis

Posted at 07:33h in News by KMFSLLP 0 Comments

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Germany's financial watchdog is worried about possible defaults in the wake of the coronavirus outbreak but said that the nation's banks had what it takes to get through the crisis, "albeit with some wounds".

11 May Lebanon to begin detailed IMF talks on Wednesday-source

Posted at 07:28h in News by KMFSLLP 0 Comments

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Lebanon will begin detailed talks with the International Monetary Fund on Wednesday following an introductory meeting on Monday, a source close to government said, following Beirut's official request for aid.

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11 May UPDATE 1-UK’s Land Securities annual loss widens to over $1 bln

Posted at 07:00h in News by KMFSLLP 0 Comments

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Property developer Land Securities on Tuesday reported an annual pretax loss of more than $1 billion as coronavirus-driven shutdowns forced tenants to default on rent payments, and more stores closed amid an already failing retail market.

News

11 May Landsec takes £1.2bn hit to property portfolio as Covid-19 bites

11 May REFILE-Defensives, upbeat earnings lift European shares

11 May UPDATE 1-Lebanon to hold detailed IMF talks on Wednesday-source

11 May Shanghai shares end lower on virus resurgence fears, fall in factory prices

11 May UPDATE 1-Telecoms firm Iliad keeps targets after sales rise, mostly before lockdowns

11 May UPDATE 1-Insurer Aegon’s Q1 pretax income misses expectations

11 May UPDATE 2-Norway shatters wealth fund spending cap amid pandemic

11 May Germany’s BaFin worried about default impact on banks amid crisis

11 May Lebanon to begin detailed IMF talks on Wednesday-source

11 May UPDATE 1-UK’s Land Securities annual loss widens to over $1 bln

KM Financial Solutions LLP

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