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12:20pm BST

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Shanghai 3,747.90 -38.67 (-1.02%)
S&P 500 2,086.24 +25.22 (1.22%)
Nikkei 225 19,206.99 -204.41 (-1.05%)
Hang Seng Index 24,900.89 +45.77 (0.18%)
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CAC 40 5,050.40 -33.12 (-0.65%)
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TA25 1,614.54 -5.40 (-0.33%)
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GBP/USD 1.4791 -0.0018 (-0.12%)
GBP/EUR 1.3759 +0.0083 (0.61%)
GBP/JPY 177.3016 -0.4434 (-0.25%)
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GBP/AUD 1.9442 +0.0097 (0.50%)
New Kingfisher boss axes 60 B&Q stores in UK
LONDON (Reuters) - Kingfisher (KGF.L), Europe's biggest home improvement retailer, plans to close 60 B&Q stores in Britain over the next two years at a cost of 350 million pounds ($517 million), saying it has too many shops for the size of the market.
Jobs hit as b&q closes 60 stores  
New Kingfisher boss puts 3000 B&Q jobs at risk with stores axe  
Market Chart
6,815.80 -75.63 (-1.10%)
17,131.44 -76.66 (-0.45%)
3,683.23 -36.20 (-0.97%)
3,781.35 -19.55 (-0.51%)

Top stories

UK economic growth has been revised up, giving the Conservative and Liberal Democrat parties a boost ahead of the closely-fought general election on May 7. According to the Office for National Statistics, the economy grew 0.6 per cent in the last three ...
... * FTSE 100 up 0.1 pct. * Set for largest quarterly gain since Q113. * Kingfisher up as investors welcome store closures. * Antofagasta boosted by M&A speculation.
THE ability of Britain's big banks to withstand global economic shockwaves including a dramatic slowdown in China and further deflation in the eurozone is to be assessed by the Bank of England in a new set of stress tests.
The technical negotiations between Greece and its creditors in Brussels have ended, it appears, without agreement on the country's reform plan.
Thomas Cook's [IRDX RTHC] online bookings are 10% ahead of the same time last year, the travel company said today. Mobile and tablet bookings, it said, now represent a third of the total.

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