Alistair's Feed
Jun 12, 2015

European shares recover as officials reassure over IMF’s Greece role

LONDON, June 12 (Reuters) – European stock edged up on
Friday as officials played down concerns a Greek debt deal may
not be reached while Germany’s Angela Merkel expressed
confidence in the euro zone’s easy monetary policy.

That kept European equities on track for their first weekly
gain in three weeks as investors bet a recent bond-driven
sell-off had gone too far. Weekly inflows into European equities
remained in positive territory, according to broker data.

Jun 11, 2015

Royal Mail, RBS share sales dominate as FTSE edges higher

LONDON, June 11 (Reuters) – Gains in Royal Bank of Scotland
shares bolstered Britain’s top equity index on Thursday on news
it would be returned to private hands sooner than expected,
while shares in Royal Mail fell after the government sold half
its stake at a discount.

The blue-chip FTSE 100 index was up 17.70 points, or
0.3 percent at 6,847.97 by 1120 GMT, still 3.6 percent below a
record high hit in April and 4.2 percent up on the year.

Jun 10, 2015

FTSE rallies off three-month low, boosted by StanChart, Sainsbury

LONDON (Reuters) – Britain’s main equity index rallied from three-month lows on Wednesday, led by advances in banking group Standard Chartered and supermarket chain Sainsbury.

Standard Chartered rose 5.8 percent, with traders citing the possibility that British finance minister George Osborne might announce changes in a tax on the British banking industry when he speaks later on Wednesday.

Jun 10, 2015

Britain’s FTSE rises off three-month low, boosted by StanChart, Sainsbury

LONDON, June 10 (Reuters) – Britain’s main equity index
edged up from three-month lows on Wednesday, led by advances in
banking group Standard Chartered and supermarket chain
Sainsbury.

Standard Chartered rose 5.9 percent, with traders
citing the possibility that British finance minister George
Osborne might announce changes in a tax on the British banking
industry when he speaks later on Wednesday.

Jun 10, 2015

Britain’s FTSE buoyed by StanChart and Sainsbury

LONDON, June 10 (Reuters) – Britain’s main equity index
edged up from three-month lows on Wednesday, propped up by
advances in banking group Standard Chartered and
supermarket group Sainsbury.

Shares in Sainsbury were up 4.6 percent, even though the
firm reported a sixth straight quarter of declining underlying
sales.

Jun 9, 2015

European shares extend losing streak, led lower by Amadeus

LONDON, June 9 (Reuters) – European stocks fell for the
sixth consecutive session on Tuesday, led lower by Spain’s
Amadeus and tracking a fall on the U.S. equity market as
investors speculated that the Federal Reserve may raise rates as
soon as September.

The FTSEurofirst 300 was down 0.3 percent at 1,524.64 points
by 0813 GMT after hitting a one-month low in early trade.

Jun 5, 2015

UK’s FTSE posts biggest weekly drop in 6 months, grocers slip

LONDON, June 5 (Reuters) – Britain’s top share index fell on
Friday to post its biggest weekly drop in nearly six months,
mirroring a broad sell-off in Europe, with some food retailers
losing ground after Deutsche Bank cut its estimate for the UK
grocery market.

The FTSE 100 hit an intra-day low of 6,785.15
points, the lowest level in two months, and finished down 2.6
percent for the week, its poorest weekly showing since
mid-December.

Jun 5, 2015

Fragmented politics cool investors’ love affair with Spain

LONDON, June 5 (Reuters) – Investors’ love affair with Spain
is cooling as they contemplate the possibility of slower reforms
and a fragmented coalition government after elections later this
year, with both bonds and stocks now underperforming their
southern European peers.

Spain has been among investors’ top picks this year due to a
recovering economy under conservative Prime Minister Mariano
Rajoy and the European Central Bank’s drive to stimulate
activity across the euro zone through bond purchases.

Jun 5, 2015

FTSE heads for worst week in 6 months, grocers slip

LONDON, June 5 (Reuters) – Britain’s top share index fell on
Friday and was heading for its worst weekly performance in
nearly six months, mirroring a broad sell-off in Europe, with
some food retailers losing ground after Deutsche Bank cut its
estimate for the UK grocery market.

The FTSE 100 hit an intra-day low of 6,785.15
points, the lowest level in two months. The index was down 2.7
percent so far, its poorest weekly showing since mid-December.

Jun 4, 2015

Royal Mail, Johnson Matthey lead FTSE lower

LONDON (Reuters) – Britain’s top share index fell on Thursday, led lower by specialty chemicals maker Johnson Matthey and ex-dividend stocks in a broad sell-off in equities.

Johnson Matthey, the world’s largest maker of auto catalysts, shed 5.3 percent, making it the top FTSE 100 faller.

    • About Alistair

      "Alistair Smout is working on the Investment and Emerging Markets for Reuters Europe over the summer. He specialises in Africa and Europe."
    • More from Alistair

    • Follow Alistair