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| UK Market Update Archive: |
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Weak UK Manufacturing; Elan, Miners, BA Drop
Aug 01, 3:31 PM ET |
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| The retailer Kingfisher agreed to sell its Italian unit to Groupo Adeo for £440 million. Centrica fell after UK government considers wind fall tax. |
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| UK manufacturing index in July dropped to a decade low as domestic orders fell the most in nine years. Separately, corporate insolvencies rose 15% from a year ago in the second quarter. British Airways first quarter plummeted 90% to £27 million from £274 million a year ago period. Banks and retailers participated on the gainers list. Elan Corp dropped 50% after it reported two cases of deaths with patients treated with Tysabri to treat neurological and muscular disorders. |
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