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Mar 24, 2015

exposed stocks outperform despite election uncertainty

LONDON, March 24 (Reuters) – Undaunted by Britain’s deepest
political uncertainty in a generation, stock investors are
opting for firms active in the domestic economy over
London-listed international groups.

The FTSE 100 index has hit record highs even though opinion
polls suggest a general election on May 7 is unlikely to produce
any clear winner or obvious coalition, with fund managers
focusing for the moment on the improving British economy rather
than the risk of parliamentary paralysis.

Mar 23, 2015

FTSE retreats slightly from record high on broker downgrades

LONDON, March 23 (Reuters) – Britain’s blue-chip share index
edged down after setting a new record high above the 7,000 mark
on Monday, with companies such as Carnival and Weir slipping
after broker downgrades.

Engineering company Weir Group fell 3 percent to
1,786 pence, the top faller in the FTSE 100 index, after
RBC downgraded it to “sector perform” from “top pick” as well as
cutting its price target to 1,850 pence from 2,150
pence.

Mar 23, 2015

FTSE inches lower after setting new record high

LONDON (Reuters) – British shares slipped back on Monday, taking a breather after sharp gains propelled the FTSE 100 .FTSE index to record highs.

The FTSE was down 19.34 points, or 0.3 percent, at 7,003.17 by 8:43 a.m., after briefly inching higher to mark a new record at 7,027.33.

Mar 23, 2015

Britain’s FTSE inches lower after setting new record high

LONDON, March 23 (Reuters) – British shares slipped back on
Monday, taking a breather after sharp gains propelled the FTSE
100 index to record highs.

The FTSE was down 19.34 points, or 0.3 percent, at 7,003.17
by 0843 GMT, after briefly inching higher to mark a new record
at 7,027.33.

Mar 19, 2015

UK’s FTSE touch record highs as central banks stay dovish

LONDON, March 19 (Reuters) – Britain’s benchmark share index
reached record highs on Thursday, with gold miners
outperforming, after the U.S. Federal Reserve and Bank of
England both dampened prospects of interest rate rises in the
near term.

The FTSE 100 index rose as much as 0.5 percent to a
record high of 6,982.79 points, beating the earlier record of
6,974.26 points set on March 2. However, it fell from those
highs to trade just 0.1 percent higher, up 5.33 points at
6,950.53 by 1504 GMT.

Mar 18, 2015

Financial, energy shares lift UK FTSE after budget boost

LONDON, March 18 (Reuters) – Britain’s top share index was
the sole major European index to trade higher on Wednesday as
oil shares and financial companies drew a boost from changes
announced as part of the UK government’s new budget.

Shares in fund supermarket Hargreaves Lansdown and
wealth manager St James’s Place rose 6.2 percent and 3.5
percent respectively after the British government announced
fresh changes to the savings system in its last budget before
the May 7 general election.

Mar 18, 2015

Investors boost French equity holdings as government launches reforms

LONDON/PARIS, March 18 (Reuters) – International investors
are boosting their holdings in French stocks after the Socialist
government launched a long-awaited economic overhaul, even
though they believe much reform work remains to be done.

The French market has been among the most unfancied in
Europe in recent years, but it has outperformed some of its main
euro zone peers since Prime Minister Manuel Valls forced a
reform bill through parliament a month ago.

Mar 18, 2015

FTSE edges higher as StanChart shares jump

LONDON (Reuters) – The FTSE 100 rose on Wednesday as gains for Standard Chartered helped extend this week’s rally, although trade was cautious ahead of a final government budget statement before May’s national election.

Standard Chartered rose 6.1 percent, the top FTSE 100 riser, lifted by positive broker comment. Barclays welcomed the appointment of former JP Morgan investment bank boss Bill Winters, announced last month, lifting its rating on the stock to “overweight” from “equal weight”.

Mar 18, 2015

Britain’s FTSE edges higher as StanChart shares jump

LONDON, March 18 (Reuters) – Britain’s top share index rose
on Wednesday as gains for Standard Chartered helped
extend this week’s rally, although trade was cautious ahead of a
final government budget statement before May’s national
election.

Standard Chartered rose 6.1 percent, the top FTSE 100
riser, lifted by positive broker comment. Barclays
welcomed the appointment of former JP Morgan investment bank
boss Bill Winters, announced last month, lifting its rating on
the stock to “overweight” from “equal weight”.

Mar 17, 2015

Britain’s FTSE edges higher as battered oil stocks rebound

LONDON, March 17 (Reuters) – Britain’s top share index edged
higher on Tuesday to extend a recent rebound from last week’s
lows, led by a recovery in Tullow Oil as investors
bought into beaten-down oil stocks.

Supermarkets and commodity stocks were mixed after updates
from J Sainsbury and miner Antofagasta.

    • 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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