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Dec 11, 2014

Britain’s FTSE regains traction as oil steadies

LONDON, Dec 11 (Reuters) – Britain’s top share index edged
higher on Thursday, after a three-session losing streak pushed
it to its lowest levels in over a month, with major oil firms
picking up after a sell-off.

The FTSE 100 was up 18.81 points, or 0.3 percent, at
6,518.86 by 0835 GMT after setting its lowest close since Nov. 4
on Wednesday.

Dec 10, 2014

Help for British house buyers could end up hurting building stocks

LONDON, Dec 10 (Reuters) – Government moves to help most
British home buyers have boosted housebuilding stocks – helping
the likes of Barratt Developments and Taylor Wimpey
extend a multi-month rally.

But those gains could soon come under pressure, warn
brokers, as the impact of part of those government reforms –
such as an increase in taxes on high-end properties — sinks in.

Dec 10, 2014

FTSE rebounds on appetite for Ashtead, travel stocks

LONDON (Reuters) – Britain’s top share index rose to rebound from one month lows on Wednesday, boosted by appetite for travel and leisure stocks and industrial equipment hire company Ashtead after it lifted its earning guidance.

Ashtead (AHT.L: Quote, Profile, Research) rose 6.6 percent, having surged over 10 percent to an all-time high in early deals, after it raised its full-year earnings guidance following a surge in profit.

Dec 10, 2014

Britain’s FTSE rebounds on appetite for Ashtead, travel stocks

LONDON, Dec 10 (Reuters) – Britain’s top share index rose to
rebound from one month lows on Wednesday, boosted by appetite
for travel and leisure stocks and industrial equipment hire
company Ashtead after it lifted its earning guidance.

Ashtead rose 6.6 percent, having surged over 10
percent to an all-time high in early deals, after it raised its
full-year earnings guidance following a surge in profit.

Dec 9, 2014

Greek share slump weighs on European equities

LONDON, Dec 9 (Reuters) – European shares fell to a two-week
low on Tuesday, led down by a slump in Greek stocks after an
unexpected decision to bring forward the country’s presidential
election in which the anti-bailout Syriza party is well placed
to do well.

The FTSEurofirst 300 index of top European shares
was down 2 percent at 1,367.45 points by 1435 GMT, hitting its
lowest since late November and set for its biggest fall since
mid October.

Dec 9, 2014

Weaker energy stocks hit European equities, Greek shares slump

LONDON, Dec 9 (Reuters) – European shares hit a two-week low
on Tuesday with a further slide in crude oil prices hurting
energy stocks, while the Greek market sank after the country’s
presidential election was unexpectedly brought forward.

The STOXX Europe 600 Oil and Gas dropped 1.2 percent
after Brent oil slipped to a five-year low below $66 on worries
over a swelling supply glut.

Dec 8, 2014

European shares fall after Italy downgrade, soft Asia data

LONDON, Dec 8 (Reuters) – European shares fell early on
Monday, trimming some of the previous session’s sharp gains
after Italy’s sovereign debt rating was cut late on Friday and
following soft economic data from China and Japan.

S&P downgraded Italy to BBB-, just one notch above junk,
from BBB, citing weak growth and poor competitiveness that
undermine the sustainability of its huge public debt.

Dec 5, 2014

Dollar soars, stocks gyrate as U.S. jobs beat forecast

LONDON, Dec 5 (Reuters) – A surge in U.S. hiring in November
lifted the dollar to a five-and-a-half year high against a
basket of currencies on Friday, and stocks bounced as investors
priced in a U.S. interest rate hike by mid-2015.

Non-farm payrolls surged by 321,000 last month, the most
since January of 2012, the Labor Department said on Friday.
Forecasts were for 230,000 new jobs.

Dec 4, 2014

Rally in airlines helps FTSE edge higher

LONDON (Reuters) – British blue chips edged higher on Thursday, supported by travel and airline stocks after a number of encouraging corporate updates from the sector.

TUI Travel rose 3.7 percent, the top FTSE 100 .FTSE riser, after it said profit jumped 11 percent, beating forecasts.

Dec 4, 2014

Rally in airlines helps Britain’s FTSE edge higher

LONDON, Dec 4 (Reuters) – British blue chips edged higher on
Thursday, supported by travel and airline stocks after a number
of encouraging corporate updates from the sector.

TUI Travel rose 3.7 percent, the top FTSE 100 riser,
after it said profit jumped 11 percent, beating forecasts.

    • 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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