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Feb 13, 2014

Weak outlooks weigh on Britain’s FTSE to snap year’s best streak

LONDON, Feb 13 (Reuters) – Britain’s top share index fell on
Thursday to end its longest winning streak of the year, led down
by engineer Rolls Royce and sugar maker Tate & Lyle, which gave
disappointing outlooks.

Sugar and sweetener manufacturer Tate & Lyle was
the top faller in percentage terms, down 15.5 percent after it
scaled back its full-year outlook, citing weak sales volume in
developed markets.

Feb 12, 2014

Bank results help European shares extend best streak of the year

LONDON, Feb 12 (Reuters) – One of Europe’s top regional
indexes extended its gains to six days on Wednesday, its best
winning streak of the year, after good earnings and bullish news
from China and the United States.

The pan-European FTSEurofirst 300 was up 0.6
percent at 1,325.25 at 1105 GMT, taking gains over the last six
sessions to 4 percent. It had hit six-week lows earlier in the
month.

Feb 12, 2014

Earnings help European shares extend best streak of the year

LONDON, Feb 12 (Reuters) – One of Europe’s top regional
indexes extended its best winning streak of the year on
Wednesday, buoyed by good earnings and bullish news from China
and the United States to rise for a sixth straight session.

The pan-European FTSEurofirst 300 was up 0.3
percent to 1,321.29 at 0830 GMT, taking gains over the last six
sessions to 4 percent as the index continued its bounce from
6-week lows made earlier in the month.

Feb 11, 2014
Feb 11, 2014
Feb 11, 2014

London-listed miners receive price boost from Kazakh devaluation

LONDON, Feb 11 (Reuters) – London-listed miners received a
boost on Tuesday after the Kazakhstan central bank said it would
let its currency devalue, pushing up shares of commodity stocks
with operations in the region by as much as 25 percent.

Kazakhstan said it would let the tenge currency devalue by
19 percent to around 185 per dollar from its central band, in a
bid to prevent large-scale speculation on the forex market after
a slide in other emerging market currencies.

Feb 11, 2014
Feb 10, 2014

Britain’s FTSE edges up but pegged back by utilities

LONDON, Feb 10 (Reuters) – Britain’s top share index edged
higher on Monday, led for a fourth straight session by
growth-sensitive stocks, but it underperformed European peers
after concerns about government interference knocked utilities.

Utility firms fell after Britain’s Energy Secretary Ed Davey
wrote to regulators over the weekend saying profit margins of
big energy companies’ gas supply units were too high.

Feb 9, 2014

Gold miners, travel firms to buck trend, benefit from emerging markets weakness

LONDON (Reuters) – European stocks from travel firms to South Africa-focused gold miners may reap some benefits from an emerging market sell-off that has otherwise roiled equities across the globe.

While heightened awareness of emerging market vulnerabilities has shaved 5.5 percent off world shares since mid-January, investors are looking to stocks with exposure abroad that could benefit from a prolonged period of local currency depreciation.

Feb 9, 2014

Gold miners, travel firms to buck trend, benefit from EM weakness

LONDON, Feb 9 (Reuters) – European stocks from travel firms
to South Africa-focused gold miners may reap some benefits from
an emerging market sell-off that has otherwise roiled equities
across the globe.

While heightened awareness of emerging market
vulnerabilities has shaved 5.5 percent off world shares
since mid-January, investors are looking to
stocks with exposure abroad that could benefit from a prolonged
period of local currency depreciation.

    • 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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