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Feb 27, 2015

Europe shares pause after best start of year in decades

PARIS/LONDON, Feb 27 (Reuters) – European shares dipped on
Friday , pausing after their best start to the year since
regional benchmarks began in late 1986, while Airbus
was boosted by a strong earnings report.

Shares in Airbus were up 6.6 percent after it posted a sharp
rise in operating earnings. The rise represented a gain in
market value of over 2.5 billion euros ($2.8 billion), roughly
the price of six A380 superjumbos.

Feb 26, 2015

Drops in Reed and RBS peg back UK’s FTSE 100

LONDON, Feb 26 (Reuters) – A fall in the shares of publisher
Reed Elsevier and Royal Bank of Scotland held
Britain’s top equity index in check on Thursday, although the
market remained near record highs hit this week.

The blue-chip FTSE 100 index was flat at 6,934.63
points towards midday, still close to the record 6,958.89 points
reached on Tuesday.

Feb 26, 2015

FTSE edges higher after StanChart announces new CEO

LONDON (Reuters) – Britain’s top share index edged higher on Thursday following a spate of mixed earnings reports, supported by the banking sector as the market welcomed the announcement of a new CEO of Standard Chartered (STAN.L: Quote, Profile, Research).

The Asian-focussed bank rose 2.8 percent, the top FTSE 100 gainer, after it said former JPMorgan (JPM.N: Quote, Profile, Research) investment bank boss Bill Winters will take over as chief executive in June to replace embattled boss Peter Sands.

Feb 26, 2015

Britain’s FTSE edges higher after StanChart announces new CEO

LONDON, Feb 26 (Reuters) – Britain’s top share index edged
higher on Thursday following a spate of mixed earnings reports,
supported by the banking sector as the market welcomed the
announcement of a new CEO of Standard Chartered.

The Asian-focussed bank rose 2.8 percent, the top FTSE 100
gainer, after it said former JPMorgan investment bank
boss Bill Winters will take over as chief executive in June to
replace embattled boss Peter Sands.

Feb 25, 2015

Slump in Weir leads UK’s FTSE down from record high

LONDON, Feb 25 (Reuters) – Britain’s top share index
retreated from the previous session’s record high on Wednesday,
with engineer Weir Group leading the market lower after warning
about a significant drop in its revenue in the current year.

Weir Group, which makes valves and pumps for the
energy and mining industries, fell nearly 9 percent to the
bottom of the blue-chip FTSE 100 index after saying
uncertainty in the oil and gas industry would significantly
reduce its revenue despite cost-cutting.

Feb 23, 2015

Billions flow back into European equities as revenue outlook improves

LONDON (Reuters) – Fund managers are pouring billions of dollars into European stocks as forecast-beating quarterly revenues bolster expectations for a recovery in corporate earnings.

European equities saw their largest ever inflows last week, totaling $5.8 billion according to EPFR, and investors are buoyed by improving domestic demand in Europe and a drop in the euro, which should boost export competitiveness.

Feb 23, 2015

UK’s FTSE falters as HSBC hits lows

LONDON, Feb 23 (Reuters) – Britain’s top equity index fell
from 15-year highs on Monday as a drop in the shares of banking
group HSBC weighed on the market.

The blue-chip FTSE 100 index was down by 0.3 percent
at 6,897.24 points going into the close of the day.

Feb 23, 2015

HSBC hinders UK FTSE’s attempts to set record highs

LONDON, Feb 23 (Reuters) – A drop in HSBC shares on
Monday stalled attempts by Britain’s top index to hit record
highs, even efforts to seal a Greek financial rescue package
lifted other European markets.

The blue-chip FTSE 100 index initially rose 0.4
percent in early deals to hit a new 15 year high of 6,943.61,
just 0.1 percent shy of its record intraday high of 6,950.60 set
in December 1999.

Feb 23, 2015

HSBC hinders FTSE near all-time high

LONDON (Reuters) – A drop in HSBC (HSBA.L: Quote, Profile, Research) hindered Britain’s top share index on Monday, falling short of an all-time record high even as a last minute deal to secure an extension to Greece’s financial rescue package boosted sentiment.

Britain’s FTSE .FTSE rose 0.4 percent in early deals to hit a new 15 year high of 6,943.61, just 0.1 percent shy of a all time high of 6,950.60 set in December 1999.

Feb 23, 2015

HSBC hinders Britain’s FTSE near all-time high

LONDON, Feb 23 (Reuters) – A drop in HSBC hindered
Britain’s top share index on Monday, falling short of an
all-time record high even as a last minute deal to secure an
extension to Greece’s financial rescue package boosted
sentiment.

Britain’s FTSE rose 0.4 percent in early deals to
hit a new 15 year high of 6,943.61, just 0.1 percent shy of a
all time high of 6,950.60 set in December 1999.

    • About Alistair

      "Alistair Smout is working on the Investment and Emerging Markets for Reuters Europe over the summer. He specialises in Africa and Europe."
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