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Jun 4, 2014
Jun 3, 2014

Former UK PM Brown pitches social justice against Scottish independence

GLASGOW, Scotland, June 3 (Reuters) – Former British Prime
Minister Gordon Brown sought on Tuesday to tempt Scots away from
voting for independence by pitching the United Kingdom as the
best vehicle to promote social justice and preserve welfare
spending.

Striking a distinctly more positive tone than the British
government which has warned Scots of the economic dangers of
breaking the 307-year union, Brown said Scotland would win more
powers and prosper if it stayed inside the United Kingdom.

Jun 3, 2014

Wolseley helps lessen FTSE fall as caution prevails before ECB

EDINBURGH, June 3 (Reuters) – Britain’s top share index
edged lower in light trade on Tuesday, with most stocks falling
in thin volumes ahead of the European Central Bank’s meeting
this week, while substantial buying of shares in plumbing
supplier Wolseley provided some support.

Wolseley rose 2.1 percent, to be the top FTSE 100
gainer, after it reported a 5.1 percent rise in third-quarter
like-for-like revenue and said it expected sales to grow about 4
percent in the next six months.

Jun 3, 2014

Wolseley supports UK’s FTSE as caution prevails before ECB meeting

EDINBURGH, June 3 (Reuters) – Britain’s top share index
edged lower in cautious trade on Tuesday, with most stocks
falling in light volumes ahead of the European Central Bank’s
meeting this week, while substantial buying of plumbing supplier
Wolseley provided some support.

Wolseley rose 2.7 percent, the top FTSE 100 gainer,
after it reported a 5.1 percent rise in third-quarter
like-for-like revenue and said it expected revenue to grow about
4 percent in the next six months.

Jun 2, 2014
Jun 2, 2014

UK Conservatives vow more tax powers for Scotland if rejects independence

EDINBURGH, June 2 (Reuters) – British Prime Minister David
Cameron’s Conservative party promised on Monday to radically
increase the Scottish government’s spending powers if voters
reject independence at a referendum in September and opt to stay
in the United Kingdom.

The keenly awaited promise from the Conservatives over what
further powers could be handed over from London if Scotland
votes against independence at a Sept. 18 referendum followed
similar plans unveiled by the two other major UK parties.

Jun 2, 2014

European shares gain after Chinese data

EDINBURGH, June 2 (Reuters) – European shares started the
month positively on Monday, buoyed by strong economic data from
China that helped to allay concerns about growth rates in the
world’s biggest metals consumer.

Basic resources stocks, including miners and other
commodity companies, rose 1.3 percent, the biggest sectoral
gainer, after data showed Chinese factory activity expanded at
its fastest pace in five months in May.

May 30, 2014
May 30, 2014

French shares underperform after BNP Paribas hit by possible fine

EDINBURGH, May 30 (Reuters) – French shares underperformed
on Friday after a report saying the U.S. Justice Department was
pushing blue chip bank BNP Paribas to pay more than
$10 billion to resolve a criminal inquiry.

The French bank’s shares fell 4.7 percent after the Wall
Street Journal reported the figure late on Thursday, citing
people familiar with the matter. The case relates to allegations
that the bank evaded U.S. sanctions against Iran and other
countries for years. BNP and the Justice Department declined to
comment.

May 30, 2014
    • 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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