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Jun 17, 2014

European shares recover lost ground, boosted by M&A hopes

EDINBURGH, June 17 (Reuters) – European shares edged higher
on Tuesday, boosted by hopes for mergers and acquisitions among
healthcare companies and rebounding from losses caused by
geopolitical concerns.

Shares in British pharmaceutical group Shire rose
3.5 percent, the biggest gain on the pan-European FTSEurofirst
300, after Reuters reported that it had hired
investment bank Citi as an adviser, expecting to receive
takeover approaches following a wave of deals in the healthcare
sector.

Jun 16, 2014

FTSE slips as prospect of Smith & Nephew takeover fades

EDINBURGH (Reuters) – The FTSE 100 edged lower on Monday, weighed down by weakness in Smith & Nephew as hopes faded for a takeover of the medical technology company.

Smith & Nephew fell 2.7 percent, the biggest decline in the FTSE 100, after Medtronic, the world’s largest standalone medical device maker, agreed to buy Dublin-based Covidien Plc for $42.9 billion and relocate to Ireland, to seek a lower corporate tax rate.

Jun 16, 2014

Britain’s FTSE slips as prospect of Smith & Nephew takeover fades

EDINBURGH, June 16 (Reuters) – Britain’s top share index
edged lower on Monday, weighed down by weakness in Smith &
Nephew as hopes faded for a takeover of the the medical
technology company.

Smith & Nephew fell 2.7 percent, the biggest decline
in the FTSE 100, after Medtronic, the world’s
largest standalone medical device maker, agreed to buy
Dublin-based Covidien Plc for $42.9 billion and relocate
to Ireland, to seek a lower corporate tax rate.

Jun 15, 2014

Polls show Scottish independence vote is closer than ever

EDINBURGH (Reuters) – The campaign for Scottish independence continues to gain ground against its pro-union rival, two surveys showed on Sunday, as pollsters near consensus that the race is getting ever-tighter ahead of the September referendum.

A record 43 percent back the campaign for independence, according to the latest poll by Panelbase, up two points from May, with the percentage against dropping one point to 46 percent.

Jun 12, 2014

Concerns over global growth peg back FTSE

EDINBURGH (Reuters) – Britain’s top share index edged lower on Thursday, pegged backed by globally exposed stocks sensitive to optimism on the economy, hemming the FTSE into its recent range.

Miners fell 1.5 percent and accounted for 6 of the top 10 fallers on the FTSE 100, near a three month low.

Jun 12, 2014

Concerns over global growth peg back Britain’s FTSE

EDINBURGH, June 12 (Reuters) – Britain’s top share index
edged lower on Thursday, pegged backed by globally exposed
stocks sensitive to optimism on the economy, hemming the FTSE
into its recent range.

Miners fell 1.5 percent and accounted for 6 of
the top 10 fallers on the FTSE 100, near a three month low.

Jun 11, 2014

Sinking travel sector pegs back European shares

EDINBURGH, June 11 (Reuters) – European stocks turned
negative on Wednesday after a profit warning from German airline
Deutsche Lufthansa rocked the travel and leisure
sector.

Deutsche Lufthansa fell 10.6 percent, the top faller on the
FTSEurofirst 300, after saying weaker-than-expected
revenues in its passenger and freight business meant it would
miss its profit target.

Jun 6, 2014

Spain lifts European shares towards 8th straight weekly gain

EDINBURGH, June 6 (Reuters) – Spanish blue chips led
European shares towards their eighth straight week of gains on
Friday, a day after the European Central Bank eased monetary
policy on several fronts, though trade was cautious ahead of
U.S. jobs data.

Banks in states on the euro zone periphery were in demand,
helping boost Spanish shares by 0.4 percent. Italian
shares gave away early gains, however, after Banca
Monte Paschi priced a cash call at a discount.

Jun 5, 2014
Jun 4, 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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