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Mar 13, 2015

FTSE on track for biggest weekly loss of 2015

LONDON (Reuters) – Britain’s top share index edged lower on Friday and looked headed for its biggest weekly fall so far this year after a drop in utility stocks compounded weakness in commodity-related shares.

Utility stocks were some of the worst performers, with British Gas owner Centrica (CNA.L: Quote, Profile, Research) the top faller, down 2 percent and SSE (SSE.L: Quote, Profile, Research) down 1.3 percent.

Mar 13, 2015

Britain’s FTSE dips, on track for biggest weekly loss of 2015

LONDON, March 13 (Reuters) – Britain’s top share index edged
lower on Friday and looked headed for its biggest weekly fall so
far this year after a drop in utility stocks compounded weakness
in commodity-related shares.

Utility stocks were some of the worst performers, with
British Gas owner Centrica the top faller, down 2
percent and SSE down 1.3 percent.

Mar 12, 2015

Earnings support European shares near seven-year highs

PARIS/LONDON, March 12 (Reuters) – European shares held near
fresh seven-year highs hit on Thursday, weighed down by Sabadell
after it made a bid for TSB, although better than expected
earnings reports supported the market.

Spain’s Banco de Sabadell fell 6.6 percent after
making a takeover bid that valued British bank TSB at
around $2.6 billion. TSB rose 24 percent.

Mar 12, 2015

Earnings help European shares edge higher to extend rally

PARIS/LONDON, March 12 (Reuters) – European shares held near
fresh seven-year highs hit on Thursday, weighed down by Sabadell
after it made a bid for TSB, although better than expected
earnings reports supported the market.

Spain’s Banco de Sabadell fell 6.1 percent after
making a takeover bid that valued British bank TSB at
around $2.6 billion. TSB rose 24 percent.

Mar 12, 2015

Earnings help European shares extend rally; Sabadell slumps on TSB bid

PARIS/LONDON, March 12 (Reuters) – European shares rose in
early trading on Thursday, helped by forecast-beating results,
to extend sharp gains made in the previous session, although
Sabadell dropped after making a bid for TSB.

Shares in German potash and salt miner K+S gained
5.9 percent and Dutch marine engineering company Boskalis
added 2.4 percent after reporting better than expected
results.

Mar 10, 2015

Pru CEO departure pushes FTSE further from all-time highs

LONDON (Reuters) – Britain’s top share index edged further from all-time highs on Tuesday, led down by heavyweight Prudential (PRU.L: Quote, Profile, Research) after the insurer said its CEO was leaving for Credit Suisse (CSGN.VX: Quote, Profile, Research).

Prudential dropped 2.6 percent, trimming 4.3 points from the FTSE 100 .FTSE index as the news that chief executive Tidjane Thiam would leave his post took the shine off an earnings report that analysts said was solid.

Mar 10, 2015

Pru CEO departure pushes Britain’s FTSE further from all-time highs

LONDON, March 10 (Reuters) – Britain’s top share index edged
further from all-time highs on Tuesday, led down by heavyweight
Prudential after the insurer said its CEO was leaving
for Credit Suisse.

Prudential dropped 2.6 percent, trimming 4.3 points from the
FTSE 100 index as the news that chief executive Tidjane
Thiam would leave his post took the shine off an earnings report
that analysts said was solid.

Mar 9, 2015

European shares fall as ECB starts buying bonds

PARIS/LONDON, March 9 (Reuters) – European shares fell on
Monday with investors booking recent lofty gains as the European
Central Bank begins its programme of bond purchases, aimed at
boosting inflation and growth.

The market has rallied strongly since the start of the year,
with the FTSEurofirst 300 surging over 14 percent in
the run-up to the start of the ECB’s quantitative easing
programme, under which it will buy 60 billion euros a month of
bonds.

Mar 6, 2015

Investors shun UK utilities as election nears

LONDON, March 6 (Reuters) – While UK stocks have broadly
shrugged off the looming general election, some investors are
shunning a sector that risks becoming a political punch bag.

Domestic utilities including Centrica and SSE
have fallen since the start of 2015, even as the FTSE
100 index has hit record highs. An array of negatives,
from weaker oil prices and dividend cuts to fears of an
interest-rate hike, have dragged down the FTSE 350 utilities
index.

Mar 6, 2015

Weir Group supports FTSE near record close

LONDON (Reuters) – Britain’s top share index edged lower on Friday after posting its highest ever close in the previous session, although the market was supported by a jump in Weir Group.

The FTSE 100 was 0.1 percent lower, down 9.64 points at 6,951.50 by 0829 GMT, having posted a record close of 6,961.14 on Thursday. The index is just 0.3 percent off an all-time record high set on Monday.

    • 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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