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Article: US negatives can't stop positive UK results; MARKET REPORT SHARE PRICES.(Business)
- Article from:
- The Birmingham Post (England)
- Article date:
- May 8, 2008
CopyrightCOPYRIGHT 2008 Birmingham Post & Mail Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Fears of an interest rate hike in the US failed to stop the London market from reaching a four-month high yesterday as blue-chips were buoyed by some positive trading updates.
Better than expected results for InterContinental Hotels and British American Tobacco helped ease investor nerves despite rumours the Federal Reserve may raise interest rates to curb inflation.
The talk - and more downbeat housing data - triggered ...