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May 6, 2015

Britain’s FTSE boosted by PMI before election

GLASGOW/LONDON, May 6 (Reuters) – Britain’s top share index
edged higher on Wednesday, boosted by a survey showing that the
country’s service sector grew faster than expected last month.

The market showed little sign of nerves before Thursday’s
parliamentary election. However, option prices suggest the index
may see its biggest swing in two years on Friday, when investors
get their first chance to react to the result of one of the
closest UK elections in decades.

May 6, 2015

SNP set to sweep Scotland, but what next?

EDINBURGH/GLASGOW (Reuters) – With Scottish nationalists set to crush their opponents north of the border, their role in Britain’s future political landscape was being fiercely argued on Wednesday on the eve of the United Kingdom’s parliamentary election.

Prime Minister David Cameron made a rare visit to Scotland to warn of what he saw as the dangers posed by the pro-independence Scottish National Party.

May 6, 2015

Britain’s FTSE boosted by PMI ahead of election

GLASGOW/LONDON, May 6 (Reuters) – Britain’s top share index
edged higher on Wednesday, boosted by a survey showing that the
country’s huge service sector unexpectedly picked up speed last
month, but activity was muted ahead of Thursday’s parliamentary
election.

The Markit/CIPS services purchasing managers’ index (PMI)
climbed to an eight-month high in April, countering other signs
that the economy was slowing. Indicators from Europe were also
positive.

May 6, 2015

FTSE boosted by earnings ahead of election

GLASGOW (Reuters) – FTSE edged higher on Wednesday, boosted by reassuring results which lifted the tobacco and engineering sectors, although activity was muted ahead of Thursday’s national elections.

Imperial Tobacco Group rose 1.8 percent after it stood by its outlook for the remainder of the year, despite reporting a 5 percent decline in underlying tobacco sales volume in the first half of its fiscal year.

May 6, 2015

Britain’s FTSE boosted by earnings ahead of election

GLASGOW, May 6 (Reuters) – Britain’s top share index edged
higher on Wednesday, boosted by reassuring results which lifted
the tobacco and engineering sectors, although activity was muted
ahead of Thursday’s national elections.

Imperial Tobacco Group rose 1.8 percent after it
stood by its outlook for the remainder of the year, despite
reporting a 5 percent decline in underlying tobacco sales volume
in the first half of its fiscal year.

May 5, 2015

UBS boosts European shares as Swiss, British stocks prosper

GLASGOW, May 5 (Reuters) – Shares of Swiss bank UBS
were the top performers in Europe on Tuesday, rising
on the back of its highest quarterly profit in nearly five
years, as gains for non-euro zone shares helped European stocks
into positive territory.

The pan-European FTSEurofirst 300 index was up 0.5
percent at 0756 GMT, though euro zone indexes in Germany, Italy
and Spain were flat to 0.2 percent lower.

May 1, 2015

Credit markets point to election risk for British bank share rally

LONDON, May 1 (Reuters) – The resilience of shares in
UK-listed banks to uncertainty over the consequences of next
week’s election could be short-lived, with credit markets
signalling that stock prices are overdue a correction.

Among the policies being proclaimed by the main parties
ahead of the May 7 vote, set to be the most unpredictable for
decades and unlikely to produce a working majority for either
main party, are increased regulation and a possible referendum
on Britain’s EU membership.

Apr 30, 2015

European shares post first monthly fall of 2015 after Nokia drop

LONDON, April 30 (Reuters) – A selloff in technology stocks,
after disappointing numbers from Nokia, weighed on
European shares on Thursday as a pan-European benchmark index
marked its first monthly fall this year.

However, most national euro zone indexes were in positive
territory after data showed deflation had ended, persuading
investors that monetary easing by the European Central Bank was
having an effect.

Apr 30, 2015

European shares set for 2015′s first monthly fall after Nokia drop

LONDON, April 30 (Reuters) – A selloff in technology stocks
weighed on European shares on Thursday after disappointing
numbers from Nokia, leaving a top pan-European equity
index set for its first monthly fall this year.

Shares in Finnish firm Nokia fell 8.2 percent after it
posted quarterly profits well below forecast at its main telecom
network equipment business, citing lower software sales, higher
costs and challenging conditions in Europe and Latin America.

Apr 29, 2015

Britain’s FTSE steadies near highs after mixed earnings

LONDON, April 29 (Reuters) – Britain’s top share index
stayed within reach of all-time highs on Wednesday as traders
digested mixed earnings news on a busy day of corporate updates.

Weak numbers from the likes of British American Tobacco
were partly counteracted by a boost from
better-than-expected results from Next and others.

    • 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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