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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
Jun 3, 2014

Former UK PM Brown pitches social justice against Scottish independence

GLASGOW, Scotland, June 3 (Reuters) – Former British Prime
Minister Gordon Brown sought on Tuesday to tempt Scots away from
voting for independence by pitching the United Kingdom as the
best vehicle to promote social justice and preserve welfare
spending.

Striking a distinctly more positive tone than the British
government which has warned Scots of the economic dangers of
breaking the 307-year union, Brown said Scotland would win more
powers and prosper if it stayed inside the United Kingdom.

Jun 3, 2014

Wolseley helps lessen FTSE fall as caution prevails before ECB

EDINBURGH, June 3 (Reuters) – Britain’s top share index
edged lower in light trade on Tuesday, with most stocks falling
in thin volumes ahead of the European Central Bank’s meeting
this week, while substantial buying of shares in plumbing
supplier Wolseley provided some support.

Wolseley rose 2.1 percent, to be the top FTSE 100
gainer, after it reported a 5.1 percent rise in third-quarter
like-for-like revenue and said it expected sales to grow about 4
percent in the next six months.

    • 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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