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HSBC shares surge on better than expected results

Chief executive John Flint said he was yet to see a near-term impact from the escalating stand-off between the US and China - though the group, which makes three quarters of its profits in Asia, did make an unspecified provision against the cost of trade and tariff barriers.

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Boots dealmaker hit in $1bn funding bid

Sky News has learnt that Dominic Murphy, one of the architects of Boots The Chemist's £12bn takeover in 2007, has been forced to abort the launch of 8C Capital, a new firm set up to invest in companies headquartered in Western Europe.

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