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Snap news

Breaking pre-market news on Wednesday,

- ING reports profit helped by gains from investment – statement.

- Unicredit Q3 profit falls 26 per cent as provisions increase – statement.

- National Express announces £360m rights issue – statement.

- Hypo real estate says capital ratios to deteriorate due to probable 2009 net loss – statement.

- Erik Engstrom appointed CEO of Reed Elsevier after Ian Smith resigns – statement.

- Corporate: E.on, Johnston Press, Tullow Oil, Balfour Beatty, J Sainsbury, Reed Elsevier, Scottish & Southern, Securitas, Holcim, International Power, Smurfit Kappa, John Menzies, Stagecoach, Cadogan, Swisscom.

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