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Apr 28, 2015

Britain’s FTSE falls after weak corporate updates, U.S. data

LONDON, April 28 (Reuters) – Britain’s top share index faced
its biggest one-day drop in nearly a month on Tuesday, weighed
down by a combination of disappointing corporate updates and
weak U.S. data.

The FTSE 100 was down 93.56 points, or 1.3 percent,
at 7,010.42 points at 1452 GMT, retreating from a record high of
7,122.74 hit on Monday.

Apr 28, 2015

As Britain’s election looms, stock-market wobbles appear

LONDON, April 28 (Reuters) – With Britain’s most
unpredictable general election in decades just over a week away,
investors and traders are bracing for wobbles on a stock market
that up until now has soundly shrugged off political risk.

Britons head to the polls on May 7, and barometers of stock
market volatility are beginning to rise while domestically
exposed stocks underperform as polling data and campaign
developments build up twitchiness on dealing desks.

Apr 28, 2015

AstraZeneca’s slide drags Britain’s FTSE away from all-time high

LONDON, April 28 (Reuters) – Britain’s top share index
pulled away from all-time highs on Tuesday, weighed down by a
drop in drugs firm AstraZeneca and Asia-focused bank
Standard Charted.

Weaker-than-expected UK economic output data helped the FTSE
100 edge off its early lows, however, as it knocked down
the pound, making British blue chips’ exports more attractive.

Apr 28, 2015

AstraZeneca’s slide helps push FTSE away from all-time high

LONDON (Reuters) – FTSE pulled away from all-time highs on Tuesday, weighed down by a drop in pharmaceutical stocks, although the market was supported by forecast-beating results from oil giant BP.

AstraZeneca was the top faller on the FTSE 100, sliding 1.7 percent after U.S. rival Merck & Co’s diabetes drug met heart-safety requirements in a recent study.

Apr 28, 2015

AstraZeneca’s slide helps push Britain’s FTSE away from all-time high

LONDON, April 28 (Reuters) – Britain’s top share index
pulled away from all-time highs on Tuesday, weighed down by a
drop in pharmaceutical stocks, although the market was supported
by forecast-beating results from oil giant BP.

AstraZeneca was the top faller on the FTSE 100
, sliding 1.7 percent after U.S. rival Merck & Co’s
diabetes drug met heart-safety requirements in a recent
study.

Apr 27, 2015

UK’s FTSE climbs to record high in face of election uncertainty

LONDON, April 27 (Reuters) – Britain’s top equity index rose
to a record high on Monday, led by HSBC, despite increasingly
volatile moves ahead of next week’s election, with opposition
Labour policies announced at the weekend hitting housebuilders.

HSBC was up 3.1 percent after the Sunday Times
reported that it was weighing plans to spin off its British
retail bank in a 20-billion-pound ($30 billion) deal.
HSBC declined to comment on the report.

Apr 27, 2015

UK’s FTSE climbs to record high after report HSBC considering spin-off

LONDON, April 27 (Reuters) – Britain’s top equity index rose
to a record high on Monday, led by HSBC, after a report that
Europe’s biggest bank might spin off its UK retail operations.

HSBC rose 3.6 percent after the Sunday Times
reported that it was weighing plans to spin off its British
retail bank in a 20 billion-pound ($30 billion) deal.
HSBC declined to comment on the report.

Apr 27, 2015

HSBC helps keep UK’s FTSE near record highs after spin-off report

LONDON, April 27 (Reuters) – Britain’s top equity index
steadied on Monday, supported by a rise in HSBC but falling
short of record highs as traders said housing reform proposals
by the opposition Labour Party had caused a pullback in property
stocks.

Europe’s biggest bank HSBC, rose 2.9 percent after
the Sunday Times reported that it was weighing plans to spin off
its British retail bank in a 20 billion-pound ($30 billion)
deal.

Apr 24, 2015

European shares rise on strong earnings, Greek market also firm

LONDON, April 24 (Reuters) – European shares rose on Friday,
boosted by encouraging corporate earnings and upbeat economic
data, while prospects for a deal over Greece’s debt crisis also
lifted Athens’ volatile market.

The pan-European FTSEurofirst 300 index closed up
0.4 percent at 1,626.83 points. The index reversed most of the
previous session’s losses and stood 1.7 percent below a near
15-year peak reached last week.

Apr 24, 2015

Bashed-in bank stocks get another look as climate improves

LONDON, April 24 (Reuters) – European banking shares,
shunned by investors after the lenders accrued a spate of
expensive fines and were hit by restrictive new regulation, are
attracting interest again as the outlook for lending improves
and valuations look to be bottoming out.

The sector has underperformed the broader European stock
market since late last year, despite the introduction
of an unprecedented bond-buying scheme from the European Central
Bank in January that had been expected to boost bank stocks as
the scheme’s positive impact trickled through to the wider
economy.

    • 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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