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View the article online at http://citywire.co.uk/wealth-manager/article/a748810

FTSE shrugs off stalling US growth to hit two-month high

by Daniel Grote on May 01, 2014 at 10:29

Serco Group (SRP) slid 11.5p or 3.4% to 328.6p after the outsourcer, caught up in a scandal over the tagging of prisoners last year, warned investors it needed to raise more money as it cut profit forecasts again.

Among smaller companies, Salamander Energy (SMDR.L) surged 9% to 146.5p after the Asia oil and gas company announced it was in talks over a potential sale.

Carclo (C1Y.L), tumbled 26% to 133.6p after revealing slower-than-expected growth in the touch sensors it manufactures.       

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