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Oct 7, 2015

FTSE hits six-week high, SABMiller rises on higher bid

LONDON (Reuters) – The FTSE 100 rose to its highest level since August on Wednesday, buoyed by a rise in mining stocks and SABMiller, while Tesco fell after reporting that profits more than halved.

The FTSE 100 was up 47.54 points, or 0.8 percent at 6,373.70 points by 0752 GMT, up for its fifth straight session and hitting its highest level since Aug. 20.

Oct 7, 2015

Britain’s FTSE hits 6-week high, SABMiller rises on higher bid

LONDON, Oct 7 (Reuters) – Britain’s FTSE 100 rose to its
highest level since August on Wednesday, buoyed by a rise in
mining stocks and SABMiller, while Tesco fell after reporting
that profits more than halved.

The FTSE 100 was up 47.54 points, or 0.8 percent at 6,373.70
points by 0752 GMT, up for its fifth straight session and
hitting its highest level since Aug. 20.

Oct 6, 2015

European shares steady on interest rate outlook, led by autos

LONDON/MILAN, Oct 6 (Reuters) – European shares edged higher
on Tuesday, extending strong gains in the previous session, with
sentiment helped by expectations central banks in Europe and the
U.S. will keep an equity-friendly monetary policy in the coming
months.

The pan-European FTSEurofirst 300 rose 0.3 percent
and the euro zone’s blue-chip Euro STOXX 50 was up
0.2 percent. European shares had opened lower as some investors
took profit following gains in the previous session which saw
the FTSEurofirst 300 mark its biggest one-day rise since August.

Oct 6, 2015

European shares slip lower, led by Germany

LONDON, Oct 6 (Reuters) – European shares fell on Tuesday
following strong gains in the previous session, with Germany
underperforming after reporting industrial orders unexpectedly
fell in August.

Data showed that German industrial orders dropped mainly
because demand from non-euro zone countries weakened. Holidays
also had an effect.

Oct 5, 2015

Britain’s FTSE 100 climbs as Glencore gains

LONDON, Oct 5 (Reuters) – Britain’s top share index rose
nearly 3 percent on Monday, with a surge in Glencore
after a volatile week leading mining companies higher.

Glencore shares jumped as much as 20 percent in London,
following a 25 percent leap on the Hong Kong market, on hopes
the company would sell some assets to cut its debt. The shares
closed up 21.1 percent and have now recouped last week’s losses.

Oct 5, 2015

FTSE climbs higher as Glencore gains

LONDON (Reuters) – Britain’s top share index rose more than 2 percent on Monday, with a surge in Glencore after a volatile week leading mining companies higher.

Glencore shares jumped as much as 20 percent in London, following a 25 percent leap on the Hong Kong market, on hopes the company would sell some assets to cut its debt. The shares were up 13.7 percent at 1329 GMT and have now recouped last week’s losses.

Oct 5, 2015

Britain’s FTSE 100 climbs higher as Glencore gains

LONDON, Oct 5 (Reuters) – Britain’s top share index rose
more than 2 percent on Monday, with a surge in Glencore
after a volatile week leading mining companies higher.

Glencore shares jumped as much as 20 percent in London,
following a 25 percent leap on the Hong Kong market, on hopes
the company would sell some assets to cut its debt. The shares
were up 13.7 percent at 1329 GMT and have now recouped last
week’s losses.

Oct 2, 2015

Britain’s FTSE ends higher, pares gains after weak U.S. data

LONDON, Oct 2 (Reuters) – Britain’s benchmark share index on
Friday closed higher on Friday but gave up much of the session’s
gains after weak U.S. jobs data fanned concerns over global
growth.

U.S. non-farm payrolls data showed that hiring stalled over
the last two months and that wages fell in September, raising
new doubts that the American economy is strong enough for the
Federal Reserve to raise interest rates by the end of this year.

Oct 2, 2015

Britain’s FTSE loses early gains after weak U.S. data

LONDON, Oct 2 (Reuters) – Britain’s top share index on
Friday gave up much of the gains made earlier in the session,
knocked back by weak U.S. jobs data which fanned concerns over
global growth.

U.S. non-farm payrolls data showed on Friday that hiring
stalled over the last two months and that wages fell in
September, raising new doubts that the American economy is
strong enough for the Federal Reserve to raise interest rates by
the end of this year.

Oct 2, 2015

FTSE set for weekly rise, buoyed by banks

LONDON (Reuters) – Britain’s top share index rose on Friday as regulatory pressure eased on the country’s banks, setting the index on track for a weekly rise.

Banks gained after Britain’s financial regulator said it planned to impose a two-year deadline for customers to claim compensation for mis-sold loan insurance, drawing a line under Britain’s costliest consumer finance scandal.

    • 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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