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Sector movers: Financial services, real estate pace losses

Tue, 14th Jun 2016 15:14

(ShareCast News) - The results of another online poll pointing to increased momentum for the 'Leave' camp ahead of the EU referendum was again weighing on sterling and financial services and real estate investment firms on Tuesday.According to the latest YouGov poll published in The Times on Tuesday, support for Brexit jumped by three percentage points to 46.0% over the latest week, while support for 'Remain' lost another three percentage points to stand at just 39.0%, with 11.0% of voters saying they were undecided and another 4.90% that they would not vote.As of 14:33 BST cable was down 0.68% to 1.4172, alongside a dip in 10-year German government debt yields into negative territory for the first time ever.The yield on similarly-dated benchmark Gilts also hit a record low at 1.144%.Yields on the 10-year Bund retreated both as investors continued to seek out safe havens and on expectations that the Brexit-related uncertainty would act as a drag on growt"These results alarmed markets and saw our 10-poll average narrow to a slim 0.2pp lead for Remain. The result is due partly to a greater share of online polls in the sample, which have typically shown stronger leads for Leave. But beyond polling noise, it appears that more voters are 'flirting with Brexit'. For this reason, last week we increased our probability of Brexit to the top end of our 30-40% range, but have not increased it further," analysts at Citi said.Travel&Leisure stocks were weighed down by stock in one company in particular, Go Ahead. The troubled transport giant told investors to no longer expect 3% margins from its Govia Thameslink Railway franchise, as previously indicated, but rather something closer to 1.5%, because of the cost of strikes and the project to rebuild London Bridge Station.Front month crude oil futures were down by 0.801% to $49.95 per barrel on the ICE.Bottom performing sectors so far todayFinancial Services 8,231.00 -2.08%Real Estate Investment & Services 2,583.42 -2.00%Oil & Gas Producers 6,337.69 -1.78%Media 6,846.49 -1.77%Travel & Leisure 8,066.59 -1.77%
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27 Sep 2021 09:31

LONDON BROKER RATINGS: Upgrades for Ferrexpo, Go-Ahead and Old Mutual

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23 Sep 2021 15:59

UK earnings, trading statements calendar - next 7 days

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21 Sep 2021 07:33

UPDATE 2-National Express in talks for all-share takeover of Stagecoach

* Stagecoach shareholders would own 25% in merged group* Potential deal would value Stagecoach at 445 mln stg* Stagecoach shares jump 20%, National Express up 7%* Companies say no certainty a formal offer will be made (Adds background, analyst comme...

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22 Jul 2021 11:06

SMALL-CAP WINNERS & LOSERS: Riverstone energy rises on ILX III exit

SMALL-CAP WINNERS & LOSERS: Riverstone energy rises on ILX III exit

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22 Jul 2021 09:35

IN BRIEF: Go-Ahead hires former Deutsche Bahn exec as new CEO

IN BRIEF: Go-Ahead hires former Deutsche Bahn exec as new CEO

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22 Jul 2021 08:26

Go-Ahead appoints Christian Schreyer as CEO

(Sharecast News) - Transport operator Go-Ahead has appointed Christian Schreyer to succeed David Brown as chief executive with effect from November.

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22 Jul 2021 08:13

LONDON BRIEFING: UK government sets trading plan to cut NatWest stake

LONDON BRIEFING: UK government sets trading plan to cut NatWest stake

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22 Jul 2021 07:28

Go-Ahead names Christian Schreyer as CEO from Nov.

LONDON, July 22 (Reuters) - British transport company Go-Ahead named Christian Schreyer as its new chief executive from Nov. 5, replacing David Brown who said in May he planned to retire before the end of the year.Schreyer, 53, a German national, ...

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14 Jul 2021 00:01

British transport group Go-Ahead aims to be carbon neutral by 2045

LONDON, July 14 (Reuters) - Transport group Go-Ahead will withdraw diesel buses and further electrify its rail fleet as part of efforts to become carbon neutral by 2045, the British company said on Wednesday.The environmental plans of big carbon e...

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7 Jul 2021 19:58

IN BRIEF: LCM signs litigation financing deal in Govia Thameslink case

IN BRIEF: LCM signs litigation financing deal in Govia Thameslink case

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7 Jul 2021 12:08

Go-Ahead greets state funds for English buses as rider levels recover

Go-Ahead greets state funds for English buses as rider levels recover

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25 Jun 2021 09:31

BROKER RATINGS: Credit Suisse raises WPP; HSBC ups Aveva to Buy

BROKER RATINGS: Credit Suisse raises WPP; HSBC ups Aveva to Buy

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21 Jun 2021 11:47

Flexible train season tickets go on sale in England amid rail reform

Flexible train season tickets go on sale in England amid rail reform

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17 Jun 2021 11:29

IN BRIEF: Go-Ahead's GTR gets contract extension to March 2022

IN BRIEF: Go-Ahead's GTR gets contract extension to March 2022

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17 Jun 2021 08:44

Go-Ahead extends emergency recovery measures agreement with DfT

(Sharecast News) - Public transport operator Go-Ahead Group said on Thursday that the Department for Transport has extended Govia Thameslink Railway's emergency recovery measures agreement from its current end date of 20 September until 31 March 2022.

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