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Bull and Bear – an optimistic and pessimistic view of investment news. Today’s stories: Microsoft ahead of expectations, but behind last year. Bank of America does better and worse than last year. Morgan Stanley surprises.  Debenhams on the up. Superdry blames the accountants. Can sterling run continue? Companies in the news: WH Smith, International Public Partnerships, Hargreaves Lansdown, Ladbrokes.

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Microsoft: can it innovate again?

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