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Apr 27, 2015

UK’s FTSE climbs to record high in face of election uncertainty

LONDON, April 27 (Reuters) – Britain’s top equity index rose
to a record high on Monday, led by HSBC, despite increasingly
volatile moves ahead of next week’s election, with opposition
Labour policies announced at the weekend hitting housebuilders.

HSBC was up 3.1 percent after the Sunday Times
reported that it was weighing plans to spin off its British
retail bank in a 20-billion-pound ($30 billion) deal.
HSBC declined to comment on the report.

Apr 27, 2015

UK’s FTSE climbs to record high after report HSBC considering spin-off

LONDON, April 27 (Reuters) – Britain’s top equity index rose
to a record high on Monday, led by HSBC, after a report that
Europe’s biggest bank might spin off its UK retail operations.

HSBC rose 3.6 percent after the Sunday Times
reported that it was weighing plans to spin off its British
retail bank in a 20 billion-pound ($30 billion) deal.
HSBC declined to comment on the report.

Apr 27, 2015

HSBC helps keep UK’s FTSE near record highs after spin-off report

LONDON, April 27 (Reuters) – Britain’s top equity index
steadied on Monday, supported by a rise in HSBC but falling
short of record highs as traders said housing reform proposals
by the opposition Labour Party had caused a pullback in property
stocks.

Europe’s biggest bank HSBC, rose 2.9 percent after
the Sunday Times reported that it was weighing plans to spin off
its British retail bank in a 20 billion-pound ($30 billion)
deal.

Apr 24, 2015

European shares rise on strong earnings, Greek market also firm

LONDON, April 24 (Reuters) – European shares rose on Friday,
boosted by encouraging corporate earnings and upbeat economic
data, while prospects for a deal over Greece’s debt crisis also
lifted Athens’ volatile market.

The pan-European FTSEurofirst 300 index closed up
0.4 percent at 1,626.83 points. The index reversed most of the
previous session’s losses and stood 1.7 percent below a near
15-year peak reached last week.

Apr 24, 2015

Bashed-in bank stocks get another look as climate improves

LONDON, April 24 (Reuters) – European banking shares,
shunned by investors after the lenders accrued a spate of
expensive fines and were hit by restrictive new regulation, are
attracting interest again as the outlook for lending improves
and valuations look to be bottoming out.

The sector has underperformed the broader European stock
market since late last year, despite the introduction
of an unprecedented bond-buying scheme from the European Central
Bank in January that had been expected to boost bank stocks as
the scheme’s positive impact trickled through to the wider
economy.

Apr 24, 2015

European shares rise as DAX and Greek markets make progress

LONDON, April 24 (Reuters) – European shares rose on Friday,
boosted by encouraging corporate earnings and upbeat economic
data, while prospects for a deal over Greece’s debt crisis also
lifted Athens’ volatile market.

The FTSEurofirst 300 was up 0.2 percent at 1,624.16
points going into the middle of the trading session. The index
reversed most of the previous session’s drop and was 1.8 percent
below last week’s near 15-year peak.

Apr 24, 2015

European shares rise as DAX and Greek markets rally

LONDON, April 24 (Reuters) – European shares climbed higher
on Friday, boosted by encouraging corporate earnings and upbeat
economic data, while the volatile Athens market also rose on
prospects for a deal over Greece’s debt crisis.

The FTSEurofirst 300 was up 0.5 percent at 1,629.34
points going into the middle of the trading session. The index
reversed most of the previous session’s drop and was just 1.5
percent below a 2015 peak hit last week, which marked its
highest level since 2000.

Apr 24, 2015

European shares boosted by encouraging earnings towards 2015 high

LONDON, April 24 (Reuters) – European shares rose in early
deals on Friday, boosted by encouraging earnings reports, with
investors also cautiously optimistic over the prospects of a
deal over Greece’s debt crisis.

The FTSEurofirst 300 was up 0.4 percent at 1,627.90
by 0819 GMT, reversing most of the previous session’s drop and
1.7 percent off a 2015 peak hit last week, which was its highest
since 2000.

Apr 22, 2015

London neighbors say ‘Flash Crash’ suspect showed no sign of wealth

LONDON (Reuters) – The small suburban house in the flight path of London’s Heathrow airport gave no clue to neighbors that it was headquarters of a man accused of earning millions through fraud, and helping cause a trillion dollar “flash crash” on U.S. stock markets.

Navinder Singh Sarao is fighting extradition from Britain to face accusations he gamed the Chicago Mercantile Exchange, the largest U.S. futures market, using custom-made software that contributed to the brief May, 2010 crash.

Apr 21, 2015

FTSE supported near record high by Sky, ARM results

LONDON (Reuters) – Britain’s top share index advanced on Tuesday towards a recent record high, with shares in ARM Holdings and SKY rising sharply after the companies announced strong profits.

The blue-chip FTSE 100 was up 6.17 points, or 0.1 percent at 7,058.30 points by 1015 GMT after gaining 0.8 percent in the previous session.

    • 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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