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May 22, 2015

Vodafone hits 14-yr high as M&A talk rumbles on

LONDON, May 22 (Reuters) – Britain’s top share index hit its
highest level in 10 days on Friday, driven by a jump in network
operator Vodafone’s shares, which hit a 14-year high on
the back of potential merger activity.

Markets also got a lift after data showed Britain’s public
sector budget deficit narrowed more than expected in April,
giving finance minister George Osborne a boost as he renews his
push to fix the country’s finances.

May 22, 2015

Vodafone boosts FTSE as M&A talk rumbles on

LONDON (Reuters) – The FTSE 100 rose on Friday and was set to end the week on a positive footing after telecoms company Vodafone extended a recent rally driven by merger speculation.

Vodafone rose 4 percent, following upgrades from Citi and Deutsche Bank.

Both notes cited comments earlier in the week from Liberty Global chairman John Malone that Vodafone would be a “great fit” for the company.

May 22, 2015

Vodafone boosts Britain’s FTSE as M&A talk rumbles on

LONDON, May 22 (Reuters) – Britain’s top share index rose on
Friday and was set to end the week on a positive footing after
telecoms company Vodafone extended a recent rally driven
by merger speculation.

Vodafone rose 4 percent, following upgrades from Citi and
Deutsche Bank.

Both notes cited comments earlier in the week from Liberty
Global chairman John Malone that Vodafone would be a “great fit”
for the company.

May 21, 2015

European shares recover from lows following mixed PMI data

LONDON, May 21 (Reuters) – European shares were mixed on
Thursday, recovering from lows after data pointed to contrasting
fortunes in major euro zone economies, with German
private-sector growth slowing again in May even as France
extended its timid recovery.

France’s CAC was up 0.2 percent after manufacturing
and services sectors improved in France, making it Europe’s
major outperformer.

May 21, 2015

Major euro zone share indexes fall after mixed PMI data

LONDON, May 21 (Reuters) – European shares fell on Thursday
after data pointed to a mixed picture for the euro zone’s
economic recovery, with German private-sector growth slowing
again in May even as France extended its timid recovery.

The pan-European FTSEurofirst 300 index was down
0.1 percent at 1107 GMT at 1612.55, with Germany’s DAX
down 0.5 percent.

May 20, 2015

FTSE edges lower after Burberry cuts outlook

LONDON (Reuters) – The FTSE 100 edged lower in choppy trade on Wednesday, weighed down by a hefty drop in luxury goods maker Burberry after it gave a lower outlook for 2016, although M&A talk around Vodafone supported the market.

While Burberry (BRBY.L: Quote, Profile, Research) beat forecasts with its full-year profit report, it cut retail and wholesale profit guidance for 2016 due to foreign exchange movements and said it was seeing increased uncertainty in some markets, sending its shares down 5 percent lower.

May 20, 2015

Britain’s FTSE edges lower after Burberry cuts outlook

LONDON, May 20 (Reuters) – Britain’s top share index edged
lower in choppy trade on Wednesday, weighed down by a hefty drop
in luxury goods maker Burberry after it gave a lower outlook for
2016, although M&A talk around Vodafone supported the market.

While Burberry beat forecasts with its full-year
profit report, it cut retail and wholesale profit guidance for
2016 due to foreign exchange movements and said it was seeing
increased uncertainty in some markets, sending its shares down 5
percent lower.

May 19, 2015

FTSE gains, Land Securities up after dividend hike

LONDON (Reuters) – Britain’s top share index rose on Tuesday, with Land Securities leading the market higher after raising its dividend payout, despite a drop in heavily weighted miners and telecoms firm Vodafone.

The blue-chip FTSE 100 index .FTSE was up 26.20 points, or 0.4 percent at 6,995.07 points by 1034 GMT. The index has gained nearly 7 percent so far this year.

May 19, 2015

Britain’s FTSE gains, Land Securities up after dividend hike

LONDON, May 19 (Reuters) – Britain’s top share index rose on
Tuesday, with Land Securities leading the market higher after
raising its dividend payout, despite a drop in heavily weighted
miners and telecoms firm Vodafone.

The blue-chip FTSE 100 index was up 26.20 points, or
0.4 percent at 6,995.07 points by 1034 GMT. The index has gained
nearly 7 percent so far this year.

May 18, 2015

British FTSE’s advance hindered by drops in Hikma, Lloyds

LONDON, May 18 (Reuters) – Britain’s top share index nudged
higher on Monday thanks to gains in major mining companies but
it was held back by falls in Lloyds and pharmaceuticals company
Hikma.

The FTSE 100 index gave up strong early gains to
trade up just 8.38 points, or 0.1 percent higher, at 6,968.87 by
the close.

    • 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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