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FTSE 100 falls after US bond sell-off spooks investors | 26 February 2021

26 February 2021 | 09:27am StockMarketWire.com - The FTSE 100 opened in the red after a US government bonds sell-off sparked fears interest rates could rise. The index was down 0.21% at 0845GMT to 6,638.00 points. The FTSE 250 recorded a fall of 0.52%% to 21,087.87 points. British Airways owner IAG swung to an annual loss as the pandemic-led slump in air travel triggered a sharp decline in revenue. For the year ended 31 December, the company swung to a pre-tax loss of €7.43 billion from a pro...
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IMI profit rises on higher margins; sees recovery in motion control, commercial vehicle segments | 26 February 2021

26 February 2021 | 07:40am StockMarketWire.com - Engineering company IMI reported a rise in profit as cost cuts offset a slip in revenue on weaker performance in its motion control and commercial vehicle businesses. For the year ended 31 December, pre-tax profit rose 11% to £227 million year-on-year, while revenue slipped 3% to £1.83 billion. Following its decision to reset its dividend cover ratio, the company proposed a final dividend of 15.0 pence, down from 26.2 pence, taking the total...
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