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* JPMorgan Chase & Co is close to announcing thesale of parts of its physical commodities business - one of themost powerful oil and metals desks on Wall Street - to Swisstrading house Mercuria for $1 billion, the Wall Street Journalreported.

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A dry morning for many, bright spells in the east, but cloudier further northwest with outbreaks of rain. This afternoon, all areas clouding over with outbreaks of rain extending southeastwards, turning heavy at times. Strong, blustery winds throughout.