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Jul 30, 2014

FTSE edges lower, receives support from Barclays

EDINBURGH (Reuters) – Britain’s top share index edged lower on Wednesday as traders digested mixed earnings reports, with Barclays (BARC.L: Quote, Profile, Research) lending support to the index as it benefited from falling costs.

While Barclays’ underlying profit fell 8 percent in the second quarter, first-half profit came in 10 percent ahead of expectations, helped by falling operating costs.

Jul 30, 2014

Britain’s FTSE edges lower, receives support from Barclays

EDINBURGH, July 30 (Reuters) – Britain’s top share index
edged lower on Wednesday as traders digested mixed earnings
reports, with Barclays lending support to the index as
it benefitted from falling costs.

While Barclays’ underlying profit fell 8 percent in the
second quarter, first-half profit came in 10 percent ahead of
expectations, helped by falling operating costs.

Jul 29, 2014

Earnings boost for European shares shortlived as markets wait sanctions

EDINBURGH, July 29 (Reuters) – European shares were
unchanged on Tuesday, as encouraging corporate results were
offset by the threat of economic fallout from more sanctions
against Russia.

Parts maker GKN rose 6.5 percent as growth in its
car business offset adverse currency effects. Telecom company
Orange and UK-listed fashion retailer Next
also rose after results.

Jul 27, 2014
Jul 25, 2014

Luxury stocks lead European shares lower after LVMH misses forecast

EDINBURGH, July 25 (Reuters) – European shares fell on
Friday, with French stocks in particular underperforming after a
batch of weaker-than-expected earnings reports, ahead of closely
followed German sentiment data.

Shares of French luxury-goods group LVMH fell 5.3
percent, the worst performer on the pan-European FTSEurofirst
300, after posting below-forecast second-quarter sales
and profits, hit by a drop in demand from China.

Jul 23, 2014

Bank of England’s Carney sees conflicting signals from jobs market

GLASGOW Scotland (Reuters) – The Bank of England is weighing up conflicting signals from Britain’s labour market as it prepares to start raising interest rates from their record low, BoE Governor Mark Carney said on Wednesday.

Britain’s economy is now back to its size of before the financial crisis but the mismatch between strong jobs growth and weak earnings was giving the central bank pause for thought, Carney said.

Jul 23, 2014

Better earnings provide support for European shares, led by Daimler

EDINBURGH, July 23 (Reuters) – European stocks rose on
Wednesday on the back of generally strong earnings despite
investors’ concerns over the possibility of fresh European Union
sanctions against Russia over the Ukraine crisis.

German blue chip shares outperformed, gaining 0.5
percent, led higher by car and truck maker Daimler
after it posted earnings above expectations.

Jul 22, 2014

FTSE boosted after Ukraine rebels hand over black boxes

EDINBURGH (Reuters) – Britain’s top share index rose on Monday, buoyed by a bounce in risk-sensitive sectors after traders saw hopes of an easing of tensions in Ukraine, although individual earnings reports weighed on the market.

The FTSE 100 was up 39.66 points, or 0.6 percent, at 6,768.10 by 0829 BST in a broad-based rise, with financials and basic materials, sensitive to appetite for risk in equities, accounting for nearly half the gains.

Jul 22, 2014

Britain’s FTSE boosted after Ukraine rebels hand over black boxes

EDINBURGH, July 22 (Reuters) – Britain’s top share index
rose on Monday, buoyed by a bounce in risk-sensitive sectors
after traders saw hopes of an easing of tensions in Ukraine,
although individual earnings reports weighed on the market.

The FTSE 100 was up 39.66 points, or 0.6 percent, at
6,768.10 by 0729 GMT in a broad-based rise, with financials and
basic materials, sensitive to appetite for risk in equities,
accounting for nearly half the gains.

Jul 21, 2014

European shares led lower by Germany’s DAX, sensitive to Ukraine crisis

EDINBURGH, July 21 (Reuters) – European stocks fell on
Monday, hit by a drop in German stocks as sensitivity to tension
in Ukraine mounted.

German blue chip stocks underperformed, with the DAX
down 0.4 percent, as fighting erupted in the rebel-held
city of Donetsk.

    • 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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