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‘Leave’ could hit UK’s gas trade market

  Bloomberg If the U.K. votes to leave the European Union next week, it may not bode well for the 28-nation bloc’s oldest natural gas market. A so-called ‘ Brexit’ would probably cause the pound to plunge to its lowest in 30 years, according to economists surveyed by Bloomberg. That would make gas in the U.K. cheaper and temporarily boost ...

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Schneider’s 2nd attempt to acquire Aveva ends abruptly

  Bloomberg Schneider Electric SE’s second attempt to buy a majority stake in U.K. software maker Aveva Group Plc proved short-lived after negotiations between the two companies ended just two days after they became public. “Following the termination of the preliminary discussions,” Cambridge-based Aveva said on Wednesday in a short statement that it had applied for its shares to begin ...

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UK jobless rate falls to 11-yr low, pay growth picks up

  Bloomberg The U.K. labor market showed signs of resilience in the face of the referendum on European Union membership as unemployment unexpectedly fell and wage growth accelerated. The jobless rate declined to 5 percent in the three months through April, the lowest since 2005, the Office for National Statistics in London said on Wednesday. Economists in a Bloomberg survey ...

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