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But if the so-called ‘x-date’ – the point at which the Treasury runs out of funds – passes without the debt ceiling being raised, the financial implications would be enormous. In contrast, only a fifth of respondents (20percent) said they were able to ignore hype about investments. These extended boundaries prevent companies from continually bouncing between the FTSE 100 and the FTSE 250, which accounts for the UK’s 250 next largest companies. London’s largest initial public offering is due to take place later this year. IMI, the Birmingham-based engineering company formerly known as Imperial Metal Industries, is joining the FTSE 100’s roster of largest, publicly-quoted UK businesses, writes Andrew Michael.
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