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Mar 6, 2015

Weir Group supports Britain’s FTSE near record close

LONDON, March 6 (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.

Mar 4, 2015

UK’s FTSE stages late rebound as traffic growth boosts IAG

LONDON, March 4 (Reuters) – Britain’s top share index
rebounded late on Wednesday, helped by a surge in airline IAG
due to strong traffic figures and by rallies in
broadcaster ITV and bank Standard Chartered.

The FTSE 100 snapped a three-day losing streak to
end 0.4 percent higher at 6,919.24 points after trading as low
as 6,862.87 points in the early part of the session.

Mar 4, 2015

FTSE 100 falls a fourth straight day, led lower by Fresnillo, L&G

LONDON, March 4 (Reuters) – Britain’s top share index fell
for a fourth straight session on Wednesday, dragged down by
disappointing results from precious- metals miner Fresnillo
and insurer Legal & General.

Appetite for UK stocks was further weakened by data that
showed growth eased in Britain’s dominant services sector in
February.

Mar 4, 2015

Mixed earnings keep FTSE pinned below all-time highs

LONDON (Reuters) – Mixed earnings reports kept Britain’s top share index trade in a tight range on Wednesday, though it stayed close to its all-time high thanks to a boost from Standard Chartered (STAN.L: Quote, Profile, Research) and ITV (ITV.L: Quote, Profile, Research).

The FTSE 100 index .FTSE rose initially to within 1 percent of a fresh record high of 6,974.26 set on Monday, but then reversed course.

Mar 4, 2015

Mixed earnings keep Britain’s FTSE pinned below all-time highs

LONDON, March 4 (Reuters) – Mixed earnings reports kept
Britain’s top share index trade in a tight range on Wednesday,
though it stayed close to its all-time high thanks to a boost
from Standard Chartered and ITV.

The FTSE 100 index rose initially to within 1
percent of a fresh record high of 6,974.26 set on Monday, but
then reversed course.

Mar 3, 2015

UK’s FTSE falls back from record high as Smith & Nephew slumps

LONDON, March 3 (Reuters) – Britain’s blue-chip share index
gave up early gains for a third straight session on Tuesday and
dropped back from record highs as prospects for a takeover of
Smith & Nephew dimmed and its shares slumped.

Smith and Nephew fell 5.7 percent to 1,144p after U.S. firm
Stryker announced a $2 billion share buyback programme,
making it increasingly unlikely it would consider a bid for the
UK medical equipment firm, traders said.

Mar 3, 2015

Smith & Nephew slump knocks FTSE back from record high

LONDON, March 3 (Reuters) – Britain’s blue-chip share index
gave up early gains for a third straight session on Tuesday to
drop back from record highs, led lower in mid-session trading as
M&A hopes for Smith & Nephew dissipated.

Smith and Nephew slumped 5.2 percent to 1,137p after U.S.
firm Stryker announced a $2 billion share buyback
programme, making it increasingly unlikely they would consider a
bid for the UK medical equipment firm, traders said.

Mar 3, 2015

Barclays, Glencore earnings knock FTSE back from Monday’s record high

LONDON, March 3 (Reuters) – Britain’s blue-chip share index
gave up early gains for a third straight session on Tuesday,
dropping back from record highs, as Glencore and
Barclays weighed on the market after earnings releases.

Barclays fell 3.3 percent after saying it had set
aside an extra 750 million pounds ($1.15 billion) for potential
fines arising from allegations of manipulation in the foreign
exchange market. Its annual profits rose 12 percent, thanks to a
sharp cut in costs.

Mar 2, 2015

UK’s FTSE drops away after touching new record high

LONDON, March 2 (Reuters) – Britain’s top equity index
briefly touched a new record high on Monday before turning
negative as commodity stocks weakened.

The blue-chip FTSE 100 equity index rose as much as
0.3 percent to a record intraday high of 6,974.26 points. The
index is up around 6 percent since the start of 2015.

Feb 27, 2015

Better earnings boost European shares after best start of year in decades

LONDON/PARIS, Feb 27 (Reuters) – European shares rose on
Friday, building on their best start to the year since regional
benchmarks began in late 1986, to close at seven-year highs,
supported by encouraging earnings reports.

Shares in Airbus were up 7.2 percent after it
posted a rise in operating earnings and announced its biggest
ever dividend. The company was the most heavily
weighted gainer on the pan-European FTSEurofirst 300.

    • 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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