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May 21, 2015

European shares recover from lows following mixed PMI data

LONDON, May 21 (Reuters) – European shares were mixed on
Thursday, recovering from lows after data pointed to contrasting
fortunes in major euro zone economies, with German
private-sector growth slowing again in May even as France
extended its timid recovery.

France’s CAC was up 0.2 percent after manufacturing
and services sectors improved in France, making it Europe’s
major outperformer.

May 21, 2015

Major euro zone share indexes fall after mixed PMI data

LONDON, May 21 (Reuters) – European shares fell on Thursday
after data pointed to a mixed picture for the euro zone’s
economic recovery, with German private-sector growth slowing
again in May even as France extended its timid recovery.

The pan-European FTSEurofirst 300 index was down
0.1 percent at 1107 GMT at 1612.55, with Germany’s DAX
down 0.5 percent.

May 20, 2015

FTSE edges lower after Burberry cuts outlook

LONDON (Reuters) – The FTSE 100 edged lower in choppy trade on Wednesday, weighed down by a hefty drop in luxury goods maker Burberry after it gave a lower outlook for 2016, although M&A talk around Vodafone supported the market.

While Burberry (BRBY.L: Quote, Profile, Research) beat forecasts with its full-year profit report, it cut retail and wholesale profit guidance for 2016 due to foreign exchange movements and said it was seeing increased uncertainty in some markets, sending its shares down 5 percent lower.

May 20, 2015

Britain’s FTSE edges lower after Burberry cuts outlook

LONDON, May 20 (Reuters) – Britain’s top share index edged
lower in choppy trade on Wednesday, weighed down by a hefty drop
in luxury goods maker Burberry after it gave a lower outlook for
2016, although M&A talk around Vodafone supported the market.

While Burberry beat forecasts with its full-year
profit report, it cut retail and wholesale profit guidance for
2016 due to foreign exchange movements and said it was seeing
increased uncertainty in some markets, sending its shares down 5
percent lower.

May 19, 2015

FTSE gains, Land Securities up after dividend hike

LONDON (Reuters) – Britain’s top share index rose on Tuesday, with Land Securities leading the market higher after raising its dividend payout, despite a drop in heavily weighted miners and telecoms firm Vodafone.

The blue-chip FTSE 100 index .FTSE was up 26.20 points, or 0.4 percent at 6,995.07 points by 1034 GMT. The index has gained nearly 7 percent so far this year.

May 19, 2015

Britain’s FTSE gains, Land Securities up after dividend hike

LONDON, May 19 (Reuters) – Britain’s top share index rose on
Tuesday, with Land Securities leading the market higher after
raising its dividend payout, despite a drop in heavily weighted
miners and telecoms firm Vodafone.

The blue-chip FTSE 100 index was up 26.20 points, or
0.4 percent at 6,995.07 points by 1034 GMT. The index has gained
nearly 7 percent so far this year.

May 18, 2015

British FTSE’s advance hindered by drops in Hikma, Lloyds

LONDON, May 18 (Reuters) – Britain’s top share index nudged
higher on Monday thanks to gains in major mining companies but
it was held back by falls in Lloyds and pharmaceuticals company
Hikma.

The FTSE 100 index gave up strong early gains to
trade up just 8.38 points, or 0.1 percent higher, at 6,968.87 by
the close.

May 18, 2015

Britain’s FTSE edges lower as Hikma, Lloyds fall

LONDON, May 18 (Reuters) – Britain’s top share index pulled
back on Monday as a drop in Hikma shares helped drag the index
away from near record highs, despite support from major mining
companies.

The FTSE 100 index gave up early gains to trade 5.67
points, or 0.1 percent, lower at 6,954.82 by 1351 GMT.

May 18, 2015

FTSE near record high; Hikma’s loss holds index back

LONDON (Reuters) – Britain’s top share index pulled back on Monday after coming within a few points of its record highs, as a drop in Hikma shares offset gains by major oil and mining companies.

The FTSE 100 index gave up early gains to trade just 1.50 points higher at 1103 GMT, flat in percentage terms, at 6,961.99.

May 18, 2015

Britain’s FTSE near record high; Hikma’s loss holds index back

LONDON, May 18 (Reuters) – Britain’s top share index pulled
back on Monday after coming within a few points of its record
highs, as a drop in Hikma shares offset gains by major oil and
mining companies.

The FTSE 100 index gave up early gains to trade just
1.50 points higher at 1103 GMT, flat in percentage terms, at
6,961.99.

    • 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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