Ryanair propels European shares to five-year highs
LONDON, May 20 (Reuters) – European shares reached new
five-year peaks on Monday, supported by strength in the autos
and travel sector, where budget airline Ryanair’s stock
hit a record high on the back of strong earnings.
Travel and leisure stocks gained 1.1 percent, led by
a 6.9 percent jump in Ryanair after it reported
expectation-beating earnings for the past year.
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Banks lift Britain’s FTSE to 5-1/2 year highs
LONDON, May 17 (Reuters) – Britain’s top share index hit
fresh five and a half year highs on Friday, as banks were buoyed
by an upgrade, the prospect of the end of state ownership in the
sector and rotation out of defensive stocks.
The FTSE 100 closed up 35.26 points, or 0.5 percent,
at 6,723.06, just 0.1 percent off October 2008′s closing high
and marking the index’s fourth successive week of gains.
Investors see European stocks rising as index expiry nears http://t.co/HaePiByPnn via @reuters
FTSE gains in volatile options expiry trade
LONDON (Reuters) – The FTSE edged higher in volatile trade on Friday, as demand to buy the index on options expiry day helped counteract early weakness after central bankers voiced concerns over U.S. monetary easing.
By 11:31 a.m., the FTSE 100 was up 21.03 points, or 0.3 percent, at 6,708.83, having dipped to 6,682.04 earlier in the session.
Britain’s FTSE gains in volatile options expiry trade
LONDON, May 17 (Reuters) – Britain’s FTSE edged higher in
volatile trade on Friday, as demand to buy the index on options
expiry day helped counteract early weakness after central
bankers voiced concerns over U.S. monetary easing.
By 1031 GMT, the FTSE 100 was up 21.03 points, or
0.3 percent, at 6,708.83, having dipped to 6,682.04 earlier in
the session.
Investors see European stocks rising as index expiry nears
LONDON, May 16 (Reuters) – Demand for protection against a
sell-off in European stocks is down before options on a major
index expire on Friday, suggesting investors are confident a
months-long rally has further to go.
The Euro STOXX 50 index of top euro zone shares
has gained nearly 10 percent since a similar monthly expiry in
April, leaving almost all the “put” option bets by investors to
speculate on or protect themselves against stock falls set to
expire worthless.
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Britain’s FTSE steady at multi-year highs as Severn surges
LONDON, May 14 (Reuters) – Britain’s top share index held
near 5-1/2 year highs on Tuesday as a jump in water company
Severn Trent following a takeover approach was balanced by fresh
worries for miners, including a South African strike.
Shares in Severn Trent leapt 15.1 percent after it
confirmed it had been approached by a consortium led by Canadian
infrastructure investor Borealis and the Kuwait Investment
Authority.
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