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MORNING NEWS: Upgrades, downgrades and allocations

In the news this morning, New Look has acted to ease its heavy debt burden after a Christmas slowdown and a profit warning.

Elsewhere sportswear retailer JD Sports has has upgraded its profit outlook after outperforming its rivals over Christmas, while Matalan issued a downgrade.

Also today, the FT reports that institutional investors plan to make large allocations to property in 2019, taking them closer to their desired targets according to a new survey conducted by INREV, ANREV and PREA.

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