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Hong Kong protests weigh on investor sentiment

Posted in: blog-cer financial

Protests in Hong Kong dragged down the stock market by nearly 2% but elsewhere in the region, the sentiment is positive.Hong Kong's Hang Seng Index ended Monday's session lower by 1.9% to close at 23,229.21 after shedding 449 points.The Hong Kong dollar tumbled to a six-month low against the US dollar.Riot police fired volleys of tear gas at thousands of pro-democracy protestors early on Monday and many are concerned the clashes could intensify.

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Standard Life Investors Net 1.75bn Windfall

Posted in: blog-cer financial

Canada-based Manulife is to pay £2.2bn for the long-term savings, retirement and insurance business on completion - expected early next year. Standard Life said its board intended to return £1.75bn to investors, the equivalent of 73p per share, by way of a dual-share scheme that would allow shareholders to choose to receive the proceeds as capital or income. The deal, which will also herald a global collaboration agreement with Manulife, is the latest in chief executive Davi

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