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May 28, 2014

Glaxo investigation weighs on FTSE

EDINBURGH (Reuters) – British blue-chip shares dipped on Wednesday after domestic authorities launched a criminal investigation into the commercial practices of drug maker GlaxoSmithKline.

GlaxoSmithKline fell 1.5 percent on the fraud office probe, posing a new challenge for a firm that already faces claims of bribery in China and four other countries.

May 28, 2014

Glaxo investigation weighs on Britain’s FTSE

EDINBURGH, May 28 (Reuters) – British blue-chip shares
dipped on Wednesday after domestic authorities launched a
criminal investigation into the commercial practices of drug
maker GlaxoSmithKline.

GlaxoSmithKline fell 1.5 percent on the fraud office probe,
posing a new challenge for a firm that already faces claims of
bribery in China and four other countries.

May 27, 2014
May 27, 2014

Scottish nationalists get new weapon in battle for independence: Europe

EDINBURGH (Reuters) – A surge in Euroscepticism in England has handed secessionists in Scotland a new weapon in their battle to break away from the United Kingdom: a warning that only independence can keep Scotland inside the European Union.

The Scottish National Party, which runs the devolved Scottish government, secured 29 percent of the vote in European elections, a slight dip from the 2009 vote but bucking a trend in England where the anti-EU UK Independence Party (UKIP) won.

May 27, 2014

Travel and leisure stocks lend support to European shares

EDINBURGH, May 27 (Reuters) – Gains in the travel and
leisure sector helped support European shares near multi-year
highs on Tuesday, as chatter about mergers and acquisitions
focused on several hotel firms.

Intercontinental Hotel Group jumped 5.2 percent, the
top performer on the pan-European FTSEurofirst 300,
after British media reported interest from an unidentified
bidder in the United States.

May 23, 2014

Gecina bucks light-volume trend in European equity markets

EDINBURGH, May 23 (Reuters) – French real-estate firm Gecina
bucked the trend of low volumes in European share trading on
Friday, as investors were kept cautious by an uncertain
political situation heading into a long weekend for UK equity
traders.

Gecina fell 1.8 percent in volume of twice its
90-day average after a share placing worth roughly 1 percent of
share capital.

May 23, 2014
May 23, 2014
May 23, 2014
May 22, 2014

UK offers Scotland promise of greater devolution after independence vote

GLASGOW Scotland (Reuters) – The British government on Thursday pledged to grant Scots more autonomy if they vote to reject independence and stay a part of the United Kingdom.

Scotland votes in a Sept. 18 referendum on whether to break away from the United Kingdom, and while polls show Scots remain doubtful about separation, the proportion of those supporting independence has increased this year. Many are still undecided.

    • 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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