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Mar 17, 2015

FTSE steadies as Sainsbury’s update leaves supermarkets mixed

LONDON (Reuters) – Britain’s top share index held steady on Tuesday following a rebound from last week’s lows, with supermarkets and commodity stocks mixed after updates from J Sainsbury (SBRY.L: Quote, Profile, Research) and miner Antofagasta (ANTO.L: Quote, Profile, Research).

The blue-chip FTSE 100 index .FTSE, which had its worst weekly loss in 2015 last week, was flat in percentage terms, up just 1.03 points at 6,805.11 points by 1127 GMT — leaving it 2.5 percent below record highs of 6,974.26 points reached on March 2.

Mar 17, 2015

Britain’s FTSE steadies as Sainsbury’s update leaves supermarkets mixed

LONDON, March 17 (Reuters) – Britain’s top share index held
steady on Tuesday following a rebound from last week’s lows,
with supermarkets and commodity stocks mixed after updates from
J Sainsbury and miner Antofagasta.

The blue-chip FTSE 100 index, which had its worst
weekly loss in 2015 last week, was flat in percentage terms, up
just 1.03 points at 6,805.11 points by 1127 GMT — leaving it
2.5 percent below record highs of 6,974.26 points reached on
March 2.

Mar 16, 2015

FTSE tentatively rallies after biggest weekly drop of 2015

LONDON, March 16 (Reuters) – Britain’s top share index edged
higher on Monday, recovering from its biggest weekly drop of
2015 to head back towards all-time highs hit earlier this month,
buoyed by a rally in financials.

The FTSE 100 was up 0.5 percent, rising 32.50 points
to 6,773.08 by 0913 GMT.

It dropped 2.5 percent last week in its biggest weekly fall
since December, which saw it touch its lowest levels in nearly
two months.

Mar 13, 2015

FTSE on track for biggest weekly loss of 2015

LONDON (Reuters) – Britain’s top share index edged lower on Friday and looked headed for its biggest weekly fall so far this year after a drop in utility stocks compounded weakness in commodity-related shares.

Utility stocks were some of the worst performers, with British Gas owner Centrica (CNA.L: Quote, Profile, Research) the top faller, down 2 percent and SSE (SSE.L: Quote, Profile, Research) down 1.3 percent.

Mar 13, 2015

Britain’s FTSE dips, on track for biggest weekly loss of 2015

LONDON, March 13 (Reuters) – Britain’s top share index edged
lower on Friday and looked headed for its biggest weekly fall so
far this year after a drop in utility stocks compounded weakness
in commodity-related shares.

Utility stocks were some of the worst performers, with
British Gas owner Centrica the top faller, down 2
percent and SSE down 1.3 percent.

Mar 12, 2015

Earnings support European shares near seven-year highs

PARIS/LONDON, March 12 (Reuters) – European shares held near
fresh seven-year highs hit on Thursday, weighed down by Sabadell
after it made a bid for TSB, although better than expected
earnings reports supported the market.

Spain’s Banco de Sabadell fell 6.6 percent after
making a takeover bid that valued British bank TSB at
around $2.6 billion. TSB rose 24 percent.

Mar 12, 2015

Earnings help European shares edge higher to extend rally

PARIS/LONDON, March 12 (Reuters) – European shares held near
fresh seven-year highs hit on Thursday, weighed down by Sabadell
after it made a bid for TSB, although better than expected
earnings reports supported the market.

Spain’s Banco de Sabadell fell 6.1 percent after
making a takeover bid that valued British bank TSB at
around $2.6 billion. TSB rose 24 percent.

Mar 12, 2015

Earnings help European shares extend rally; Sabadell slumps on TSB bid

PARIS/LONDON, March 12 (Reuters) – European shares rose in
early trading on Thursday, helped by forecast-beating results,
to extend sharp gains made in the previous session, although
Sabadell dropped after making a bid for TSB.

Shares in German potash and salt miner K+S gained
5.9 percent and Dutch marine engineering company Boskalis
added 2.4 percent after reporting better than expected
results.

Mar 10, 2015

Pru CEO departure pushes FTSE further from all-time highs

LONDON (Reuters) – Britain’s top share index edged further from all-time highs on Tuesday, led down by heavyweight Prudential (PRU.L: Quote, Profile, Research) after the insurer said its CEO was leaving for Credit Suisse (CSGN.VX: Quote, Profile, Research).

Prudential dropped 2.6 percent, trimming 4.3 points from the FTSE 100 .FTSE index as the news that chief executive Tidjane Thiam would leave his post took the shine off an earnings report that analysts said was solid.

Mar 10, 2015

Pru CEO departure pushes Britain’s FTSE further from all-time highs

LONDON, March 10 (Reuters) – Britain’s top share index edged
further from all-time highs on Tuesday, led down by heavyweight
Prudential after the insurer said its CEO was leaving
for Credit Suisse.

Prudential dropped 2.6 percent, trimming 4.3 points from the
FTSE 100 index as the news that chief executive Tidjane
Thiam would leave his post took the shine off an earnings report
that analysts said was solid.

    • 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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