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Jan 21, 2014

UK’s FTSE hits 8-month high as emerging markets’ growth lifts earnings

LONDON, Jan 21 (Reuters) – Britain’s top shares edged higher
on Tuesday, boosted by corporate results that revealed a return
of strong demand in emerging market economies even as the
consumption picture in Europe remained weak.

Consumer goods firm Unilever rose 3.8 percent, the
top FTSE gainer, after it unveiled better-than-expected 2013
results, helped by a rebound in emerging markets.

Jan 21, 2014
Jan 20, 2014

FTSE led down from eight-month high by bank fall

LONDON (Reuters) – The FTSE 100 edged down from eight-month highs on Monday, pinned back by a fall in the banking sector after German lender Deutsche Bank reported a surprise loss.

Barclays fell 1.6 percent in early trade, the top faller on the FTSE 100, after Deutsche Bank posted a pre-tax loss of 1.15 billion euros (973 million pounds) for the fourth quarter, itself dropping 5.1 percent.

Jan 20, 2014

Britain’s FTSE led down from eight-month high by bank fall

LONDON, Jan 20 (Reuters) – Britain’s top share index edged
down from eight-month highs on Monday, pinned back by a fall in
the banking sector after German lender Deutsche Bank reported a
surprise loss.

Barclays fell 1.6 percent in early trade, the top
faller on the FTSE 100, after Deutsche Bank
posted a pre-tax loss of 1.15 billion euros ($1.6 billion) for
the fourth quarter, itself dropping 5.1 percent.

Jan 17, 2014

Peripheral equity surge to stumble over earnings

LONDON, Jan 17 (Reuters) – European fourth-quarter earnings
are set to disappoint consensus expectations, according to the
most accurate analysts, potentially threatening the new year
stock rally focused on Spain and Italy.

Strong gains in 2012 and 2013 have left many European
indexes looking fully valued, and most analysts predict that
earnings will need to improve this year if double digit gains
for equities are to be repeated.

Jan 17, 2014
Jan 17, 2014

Shell profit warning wipes 6.5 billion pounds off of UK’s FTSE

LONDON, Jan 17 (Reuters) – Britain’s top share index
underperformed major regional peers on Friday, knocked back by a
dramatic fall in Shell, its most heavily weighted stock, after
the oil major delivered a profit warning.

Royal Dutch Shell saw its listings fall
3.1 percent and 2.8 percent respectively after it warned that
its fourth-quarter figures are expected to be significantly
lower than recent levels of profitability because of oil and gas
prices and problems with its refining business.

Jan 16, 2014

European shares steady near five-and-half year highs, knocked by retail

LONDON (Reuters) – European equities edged lower to steady just below a 5-1/2-year high on Thursday, hit by a string of losses in the retail sector after corporate reports but receiving support from miners.

The retail index fell 0.7 percent, hit by company updates from the likes of Carrefour (CARR.PA: Quote, Profile, Research, Stock Buzz), the world’s second biggest retailer, which dropped 3.7 percent after disappointing sales figures.

Jan 16, 2014

European shares steady near 5-1/2 year highs, knocked by retail

LONDON, Jan 16 (Reuters) – European equities edged lower to
steady just below a 5-1/2-year high on Thursday, hit by a string
of losses in the retail sector after corporate reports but
receiving support from miners.

The retail index fell 0.7 percent, hit by company
updates from the likes of Carrefour, the world’s
second biggest retailer, which dropped 3.7 percent after
disappointing sales figures.

Jan 15, 2014

Banks lead European shares to 5-1/2 year high as growth hopes build

LONDON, Jan 15 (Reuters) – European shares rose on Wednesday
to fresh 5-1/2 year highs, buoyed by a better global growth
outlook from the World Bank, with gains supported by easing
regulatory concerns over banks in the euro zone.

Euro zone banks gained 1.3 percent, the top sectoral
riser, after the European Central Bank said lenders will not be
required in upcoming stress tests to adjust sovereign debt
portfolios they hold to maturity to reflect current market
values.

    • 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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