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FTSE rises near one-year high, mid-caps claw back Brexit losses

LONDON Britain's top share index climbed to its highest closing level in nearly a year on Wednesday, with housebuilders among the top performers, while mid-cap stocks touched their best level since last month's shock "Brexit" vote.

Recent Business News

Airbus says agrees process to end European export credit freeze

PARIS/LONDON Airbus Group has agreed with European governments a process for regaining access to export credits, paving the way for unblocking a system halted this year over poor transparency in the use of intermediaries, it said on Wednesday.

7:28pm BST

McDonald's to create 5,000 jobs in Britain

LONDON McDonald's Corp said on Wednesday it would create over 5,000 jobs in Britain by the end of 2017, in a sign of its commitment to the country despite the challenging economic conditions.

3:48pm BST

U.S. durable goods orders data points to weak business spending

WASHINGTON New orders for U.S. manufactured capital goods rose less than expected in June amid weak demand for machinery and a range of other goods, suggesting a prolonged downturn in business spending.

7:43pm BST

Brexit-linked derivatives trade boosts Deutsche Boerse revenue

FRANKFURT Deutsche Boerse said it was on course to reach its 2016 earnings target after net revenue rose 10 percent in the second quarter, helped by higher derivatives trading linked to Britain's vote to leave the European Union.

7:18pm BST

Standard Chartered names Jose Vinals as new chairman after year-long search

LONDON Standard Chartered has named former deputy governor of the Bank of Spain Jose Vinals as its new chairman, ending a 16-month search for a new leader to oversee a sweeping turnaround plan being undertaken by its new CEO.

Spain 5:43pm BST
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