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VIEW-Yield shield is vital in rocky markets 11:31am GMT

LONDON (Reuters) - Defensive assets paying high yields like drug stocks are good value, while bargain hunting for cheap growth companies is dangerous in a market set to languish near recent lows until late 2009, the manager of Newton's Higher Income fund said.  Full Article

 
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Financials shorting ban likely to continue Wednesday, 3 Dec 2008 

LONDON (Reuters) - Britain is likely to roll over its ban on short-selling financial stocks when the current rules run out in January, the Alternative Investment Management Association's deputy chief executive (AIMA) told Reuters.  Full Article 

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Call for government-backed biotech funds 2:58pm GMT 

LONDON (Reuters) - Leading figures from the country's biotechnology sector have called on the government to invest in the industry by launching two government-backed funds and a public-private partnership to help finance the battered sector.  Full Article 

 

Reuters Columns

Slouching towards nationalisation

The Citigroup bailout buys time but ducks a decision on whether it can avoid nationalisation.   Full Article 

 

Market Movers

Symb 4 wk rating
change
Current mean
rating
CCC.L 3.14 to 2.12 Outperform
VSC.L 2.00 to 1.00 Buy
MNS.L 2.00 to 1.00 Buy
Symb 4 wk rating
change
Current mean
rating
INBL.L 1.00 to 3.00 Hold
SANDxq.L 1.00 to 3.00 Hold
TG21.L 1.00 to 3.00 Hold
Symb Last Change Chg %
ENRC.L 260.50 +21.50 +9.00
HBOS.L 93.50 +6.40 +7.35
FRES.L 144.70 +9.70 +7.19
Data as of Thu Dec 4, 2008 8:08pm GMT.
Symb Last Change Chg %
III.L 356.50 -34.75 -8.88
XTA.L 629.50 -61.00 -8.83
SGC.L 133.10 -10.10 -7.05
Data as of Thu Dec 4, 2008 8:10pm GMT.
Currency
US $ inGBP =0.6796
Euro inGBP =0.8680
¥en inGBP =0.0074
Events Dates
Ashmore Group Ltd ASHMl.TQ Semi-annual dividend for the period to 2008-06-30
Declaration:
Sep 16
Ex-Date:
Nov 05
Record:
Nov 07
Payable:
Dec 05
William Hill PLC WMHl.CHI Semi-annual dividend for the period to 2008-07-01
Declaration:
Jul 31
Ex-Date:
Record:
Oct 24
Payable:
Dec 05
SABMiller PLC SAB.PZ Semi-annual dividend for the period to 2008-09-30
Declaration:
Nov 13
Ex-Date:
Nov 26
Record:
Nov 28
Payable:
Dec 05
BAE Systems PLC GB3158359.L Semi-annual dividend for the period to 2008-12-31
Declaration:
Sep 12
Ex-Date:
Oct 15
Record:
Oct 17
Payable:
Dec 08
BP Plc BP.PA Quarterly dividend for the period to 2008-09-30
Declaration:
Oct 28
Ex-Date:
Nov 12
Record:
Nov 14
Payable:
Dec 08