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Jun 1, 2015

FTSE edges lower, hinder by manufacturing surveys

LONDON (Reuters) – Britain’s top equity index stalled after disappointing domestic and international economic data pointed to a weak manufacturing outlook.

Britain’s FTSE 100 .FTSE turned negative following a positive open, after the closely watched PMI manufacturing survey missed expectations, even as activity in Britain edged off of a seven-year low.

May 29, 2015

FTSE closes May with gains, led by broker upgrades

LONDON (Reuters) – Britain’s top share index rose on Friday, capping a strong monthly performance in May, with gains led by Associated British Foods (ABF.L: Quote, Profile, Research) and Weir Group (WEIR.L: Quote, Profile, Research) after broker upgrades.

The blue-chip FTSE 100 index .FTSE was up 15.74 points, or 0.2 percent, at 7,056.66 by 1143 BST, up about 1.4 percent this month.

May 28, 2015

Strong retail sector supports FTSE; miners drop

LONDON (Reuters) – Strong rises for retailers Kingfisher and Sports Direct limited losses in Britain’s top share index on Thursday, which was knocked by weak mining and financial stocks.

Britain’s biggest sporting goods retailer Sports Direct rose 3.5 percent after it raised its full-year earnings and profit outlook, citing lower interest charges and what it described as a prudent depreciation policy.

May 28, 2015

Strong retail sector supports Britain’s FTSE; miners drop

LONDON, May 28 (Reuters) – Strong rises for retailers
Kingfisher and Sports Direct limited losses in
Britain’s top share index on Thursday, which was knocked by weak
mining and financial stocks.

Britain’s biggest sporting goods retailer Sports Direct rose
3.5 percent after it raised its full-year earnings and profit
outlook, citing lower interest charges and what it described as
a prudent depreciation policy.

May 26, 2015

Banking and energy shares drag down FTSE index

LONDON, May 26 (Reuters) – Britain’s top equity index fell
on Tuesday, with banking stocks coming under pressure after
regional election results in Spain put euro zone financials on
the back foot, and energy shares tracking weaker crude oil
prices.

Spanish Prime Minister Mariano Rajoy’s People’s Party
suffered heavy losses in weekend local elections, throwing his
re-election later this year into doubt and opening the door for
the anti-austerity Podemos.

May 26, 2015

Banks and energy shares lead FTSE lower

LONDON (Reuters) – The FTSE 100 fell on Tuesday as bank stocks came under pressure after a local poll in Spain put euro zone financials on the back foot.

Spanish Prime Minister Mariano Rajoy’s People’s Party suffered losses in local elections, throwing his re-election into doubt later this year and opening the door for the anti-austerity Podemos who might challenge the euro zone project.

May 26, 2015

Banks and energy shares lead Britain’s FTSE lower

LONDON, May 26 (Reuters) – Britain’s top share index fell on
Tuesday as bank stocks came under pressure after a local poll in
Spain put euro zone financials on the back foot.

Spanish Prime Minister Mariano Rajoy’s People’s Party
suffered losses in local elections, throwing his re-election
into doubt later this year and opening the door for the
anti-austerity Podemos who might challenge the euro zone
project.

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.

    • 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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