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BUZZ-Electrocomponents: shares hit by HSBC downgrade
** Electrical parts maker Electrocomponents shares-3.6 pct, on track for biggest one-day fall since April, afterHSBC cuts rating to "hold" from "buy", TP to 240p v 290p
** Broker flags strong USD lifts sales but squeezes grossmargins
** Says management action will help gross margins but FXmeans it is likely to be a slower process than it previouslyexpected
** Up to Tuesday's close, stock -12 pct compared with 5 pctfall in the FTSE Support Services index since June23 (RM:sanjeeban.sarkar.thomsonreuters.com@reuters.net)
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IN BRIEF: Electrocomponents name change to RS Group confirmed
Electrocomponents PLC - London-based industrial and electronic products distributor - Changes its name to RS Group PLC. The company previously announc...
TOP NEWS: Electrocomponents expects substantial annual revenue growth
(Alliance News) - Electrocomponents PLC on Tuesday confirmed it expects over 25% like-for-like revenue growth for financial 2022.
Electrocomponents FY revenues up 26% on LFL basis
(Sharecast News) - Industrial and electronics products distributor Electrocomponents said on Tuesday that revenues had grown 26% on a like-for-like ba...
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