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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

General mining & base metals

FIVE at FIVE: Scottish Mortgage surges, BoE to hike interest rate, Cineworld prepares for results, Horizonte closes debt facility

Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news

1. Scottish Mortgage and Chinese peers soar as Beijing provides support

Scotting Mortgage Investment Trust PLC shares rebounded sharply on Wednesday after Chinese authorities stepped in with a pledge to support markets.

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2. Bank of England set to follow US with 25bps interest rate hike

This will take the UK Bank Rate to 0.75%, the same level it was before the coronavirus pandemic

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3. Will Cineworld follow AMC into gold mining as results loom?

Cineworld Group PLC (LSE:CINE), owner of around 800 global cinemas, is scheduled to publish results on Thursday and investors in some small-cap gold miners might want to keep an eye on the statement in case the company is tempted to follow US rival AMC's latest diversification move.

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4. Horizonte Minerals signs off US$346.2mln senior debt facility

Peel Hunt has kept its rating on Horizonte Minerals PLC at buy, with a target price set at 14p, after the junior announced the closing of its senior debt facility (read more).

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5. Footsie soars higher

The FTSE 100 index closed 115.98 points or 1.62% higher on Wednesday at 7,291.68 on Ukraine/Russia truce hopes and with Wall Street positive ahead of a US rate decision.

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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK