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UK Job and Wages Data Sparks Investor Concerns
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UK job and wages data exceed expectations, leading to a decline in London shares and awaited US inflation data. The Bank of England's Governor mentioned potential higher reserve levels for British banks. Tui AG reports a record first-quarter with a narrowed pretax loss and increased revenue, while Ultimate Products faces a 4.1% revenue decline. Kistos Holdings progresses with the upgrade of the Joutun FPSO, expecting first oil by the end of Q4 2024. Standard Chartered reportedly provided banking services to a Chinese company trading with US-sanctioned Iranian firms, Arak Petrochemical and Bandar Imam Petrochemical.
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How might the decline in London shares impact the overall UK economy?
What factors are contributing to Ultimate Products' revenue decline?
What strategies is Tui AG employing to achieve its record first-quarter results?
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