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Apr 10, 2014

Banks lead Britain’s FTSE higher, M&S slips

LONDON, April 10 (Reuters) – Britain’s top share index rose
on Thursday in a volatile session, buoyed by the banking sector
after the Federal Reserve indicated it would keep interest rates
lower for longer than previously anticipated.

The FTSE 100 was up 20.75 points or 0.4 percent at
6,656.36 points by 1418 GMT, with financials – banks, insurers
and asset managers – contributing about half the gains.

Apr 10, 2014

FTSE gives away gains as Marks & Spencer optimism disappears

LONDON, April 10 (Reuters) – Britain’s top share index gave
away early gains on Thursday, led down by retailer Marks &
Spencer, as optimism over its trading update dissipated
following a conference call.

Marks & Spencer had traded as much as 3 percent higher in
morning deals, following a trading update that showed its
turnaround programme may finally be getting results.

Apr 7, 2014

Bouygues and Iliad lead European shares down from highs

LONDON, April 7 (Reuters) – European equities retreated on
Monday after a three-week rally, led down by French companies
Iliad and Bouygues on expectations that a
failed acquisition bid by Bouygues would hurt the earnings of
both.

Bouygues fell 5.4 percent to 29.17 euros ($39.94) and Iliad
dropped 5 percent after Numericable won a bid to
acquire Vivendi’s SFR telecom unit. Numericable shares
spiked 15 percent.

Apr 4, 2014
Apr 4, 2014

New rules help stock exchanges fight back against ‘dark pools’

LONDON (Reuters) – The European Union’s plan to cap the number of shares that can be traded anonymously could give traditional stock exchanges such as Deutsche Boerse and the London Stock Exchange the chance to win back some of the ground they have lost to new rivals.

Anonymous dealing in private venues known as “dark pools” has been a major source of growth for new electronic share trading companies such as Chi-X Europe and Liquidnet.

Apr 3, 2014

Britain’s FTSE hit by US data after touching three-week high

LONDON, April 3 (Reuters) – British blue-chip shares edged
lower after testing a three-week high on Thursday, as the end of
a two-week rally in mining shares offset gains by Tullow Oil.

The session proved volatile, however, with gains made in the
afternoon after European Central Bank President Mario Draghi
affirmed an easy policy stance evaporating after
below-expectations U.S. data.

Apr 3, 2014

FTSE steadies after Tullow helps it hit three-week high

LONDON (Reuters) – The top shares steadied after testing a three-week high on Thursday, as the end of a two-week rally in mining shares offset gains by Tullow Oil.

Market moves were muted, however, before a meeting of the European Central Bank, as investors waited to see if the ECB would act in the face of deflation fears.

Apr 3, 2014

Britain’s FTSE steadies after Tullow helps it hit three-week high

LONDON, April 3 (Reuters) – British blue-chip shares
steadied after testing a three-week high on Thursday, as the end
of a two-week rally in mining shares offset gains by Tullow Oil.

Market moves were muted, however, before a meeting of the
European Central Bank, as investors waited to see if the ECB
would act in the face of deflation fears.

Apr 2, 2014
Apr 1, 2014

M&A boost helps European shares get off to fast start in Q2

LONDON, April 1 (Reuters) – European stocks got off to a
brisk start in the second quarter, with merger-and-acquisition
activity driving gains by industrial and mining stocks.

Alstom rose 4.5 percent on Tuesday, making it the
top performer on the FTSEurofirst 300 in early trade. The French
turbine and train maker said it would sell its heat exchange
unit to Triton, a German private equity group.

    • 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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