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Mar 9, 2015

European shares fall as ECB starts buying bonds

PARIS/LONDON, March 9 (Reuters) – European shares fell on
Monday with investors booking recent lofty gains as the European
Central Bank begins its programme of bond purchases, aimed at
boosting inflation and growth.

The market has rallied strongly since the start of the year,
with the FTSEurofirst 300 surging over 14 percent in
the run-up to the start of the ECB’s quantitative easing
programme, under which it will buy 60 billion euros a month of
bonds.

Mar 6, 2015

Investors shun UK utilities as election nears

LONDON, March 6 (Reuters) – While UK stocks have broadly
shrugged off the looming general election, some investors are
shunning a sector that risks becoming a political punch bag.

Domestic utilities including Centrica and SSE
have fallen since the start of 2015, even as the FTSE
100 index has hit record highs. An array of negatives,
from weaker oil prices and dividend cuts to fears of an
interest-rate hike, have dragged down the FTSE 350 utilities
index.

Mar 6, 2015

Weir Group supports FTSE near record close

LONDON (Reuters) – Britain’s top share index edged lower on Friday after posting its highest ever close in the previous session, although the market was supported by a jump in Weir Group.

The FTSE 100 was 0.1 percent lower, down 9.64 points at 6,951.50 by 0829 GMT, having posted a record close of 6,961.14 on Thursday. The index is just 0.3 percent off an all-time record high set on Monday.

Mar 6, 2015

Weir Group supports Britain’s FTSE near record close

LONDON, March 6 (Reuters) – Britain’s top share index edged
lower on Friday after posting its highest ever close in the
previous session, although the market was supported by a jump in
Weir Group.

The FTSE 100 was 0.1 percent lower, down 9.64 points
at 6,951.50 by 0829 GMT, having posted a record close of
6,961.14 on Thursday. The index is just 0.3 percent off an
all-time record high set on Monday.

Mar 4, 2015

UK’s FTSE stages late rebound as traffic growth boosts IAG

LONDON, March 4 (Reuters) – Britain’s top share index
rebounded late on Wednesday, helped by a surge in airline IAG
due to strong traffic figures and by rallies in
broadcaster ITV and bank Standard Chartered.

The FTSE 100 snapped a three-day losing streak to
end 0.4 percent higher at 6,919.24 points after trading as low
as 6,862.87 points in the early part of the session.

Mar 4, 2015

FTSE 100 falls a fourth straight day, led lower by Fresnillo, L&G

LONDON, March 4 (Reuters) – Britain’s top share index fell
for a fourth straight session on Wednesday, dragged down by
disappointing results from precious- metals miner Fresnillo
and insurer Legal & General.

Appetite for UK stocks was further weakened by data that
showed growth eased in Britain’s dominant services sector in
February.

Mar 4, 2015

Mixed earnings keep FTSE pinned below all-time highs

LONDON (Reuters) – Mixed earnings reports kept Britain’s top share index trade in a tight range on Wednesday, though it stayed close to its all-time high thanks to a boost from Standard Chartered (STAN.L: Quote, Profile, Research) and ITV (ITV.L: Quote, Profile, Research).

The FTSE 100 index .FTSE rose initially to within 1 percent of a fresh record high of 6,974.26 set on Monday, but then reversed course.

Mar 4, 2015

Mixed earnings keep Britain’s FTSE pinned below all-time highs

LONDON, March 4 (Reuters) – Mixed earnings reports kept
Britain’s top share index trade in a tight range on Wednesday,
though it stayed close to its all-time high thanks to a boost
from Standard Chartered and ITV.

The FTSE 100 index rose initially to within 1
percent of a fresh record high of 6,974.26 set on Monday, but
then reversed course.

Mar 3, 2015

UK’s FTSE falls back from record high as Smith & Nephew slumps

LONDON, March 3 (Reuters) – Britain’s blue-chip share index
gave up early gains for a third straight session on Tuesday and
dropped back from record highs as prospects for a takeover of
Smith & Nephew dimmed and its shares slumped.

Smith and Nephew fell 5.7 percent to 1,144p after U.S. firm
Stryker announced a $2 billion share buyback programme,
making it increasingly unlikely it would consider a bid for the
UK medical equipment firm, traders said.

Mar 3, 2015

Smith & Nephew slump knocks FTSE back from record high

LONDON, March 3 (Reuters) – Britain’s blue-chip share index
gave up early gains for a third straight session on Tuesday to
drop back from record highs, led lower in mid-session trading as
M&A hopes for Smith & Nephew dissipated.

Smith and Nephew slumped 5.2 percent to 1,137p after U.S.
firm Stryker announced a $2 billion share buyback
programme, making it increasingly unlikely they would consider a
bid for the UK medical equipment firm, traders said.

    • 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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