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Nov 15, 2014

Scottish nationalist ‘kingmakers’ eye post-2015 election deal with Labour

PERTH Scotland (Reuters) – If Scottish nationalists win a ‘kingmaker’ position in Britain’s May 2015 election, they would consider supporting a minority Labour government but would never get into bed with the Conservatives, their leader in the London parliament said.

Since Scots voted by 55-45 percent to preserve the United Kingdom in a Sept. 18 referendum, support for the Scottish National Party has surged on a perception that Britain’s rulers are backsliding on pledges to grant more powers.

Nov 14, 2014

Scotland may seek new independence vote if UK delays devolution, Salmond says

PERTH Scotland (Reuters) – Scotland may seek another independence vote if Britain’s rulers fail to honor their pledge to grant it further autonomy, outgoing Scottish National Party leader Alex Salmond warned on Friday, less than two months after Scots spurned independence.

Salmond, in his final speech as party leader, told members that Scotland would eventually secure his dream of independence from London. He also delivered a warning to British Prime Minister David Cameron:

Nov 12, 2014

Earnings, forex fines weigh on Britain’s FTSE 100

EDINBURGH, Nov 12 (Reuters) – Britain’s top equity index
fell on Wednesday, hit by disappointing corporate updates and a
decline in bank shares after regulators imposed fines to settle
allegations of foreign exchange malpractice.

Outsourcing company Capita slid 6.5 percent, the top
FTSE 100 faller, with traders citing concerns about a
possible slowdown in its order pipeline, even though Capita said
it was on track for at least 8 percent organic growth for the
full year.

Nov 12, 2014

Earnings, forex probe fines weigh on Britain’s FTSE 100

EDINBURGH, Nov 12 (Reuters) – Britain’s top equity index
fell on Wednesday, hit by disappointing corporate updates and by
a decline in bank shares after regulators imposed fines to
settle allegations of foreign exchange malpractice.

Outsourcing company Capita slid 6.4 percent, the top
FTSE 100 faller, with traders citing concerns about a
possible slowdown in its order pipeline, even though Capita said
it was on track for at least 8 percent organic growth for the
full year.

Nov 12, 2014

Earnings, forex probe fines weigh on UK’s FTSE 100

EDINBURGH, Nov 12 (Reuters) – Britain’s top equity index
fell on Wednesday, hit by disappointing corporate updates and by
a decline in bank shares after regulators imposed fines to
settle allegations of foreign exchange malpractice.

Outsourcing company Capita slid 6.4 percent, the top
FTSE 100 faller, with traders citing concerns about a
possible slowdown in its order pipeline, even though Capita said
it was on track for at least 8 percent organic growth for the
full year.

Nov 11, 2014

European shares trim some gains as Italian stocks fall

LONDON, Nov 11 (Reuters) – Europe’s benchmark index of top
shares trimmed its gains on Tuesday, hurt by a fall in Italian
stocks and a weak open on Wall Street, but remained supported by
strength in telecoms issues.

At 1549 GMT, the FTSEurofirst 300 index of pan-European
shares was up 0.3 percent at 1,358.74 points, having
been up as much as 0.5 percent earlier. U.S. stocks opened
slightly lower on the day.

Nov 11, 2014

Telecoms lift European shares rise after upbeat Vodafone update

LONDON, Nov 11 (Reuters) – Europe’s benchmark index of top
shares rose on Tuesday, boosted by strength in telecoms and
German companies after corporate reports beat expectations.

The STOXX Europe Telecommunications sector rose 2.4
percent, the top sectoral gainer, boosted by an expectation
beating report from Vodafone.

Nov 10, 2014

FTSE 100 hits new five-week high; mid-cap Serco slumps

EDINBURGH, Nov 10 (Reuters) – Britain’s top share index
advanced to a five-week high on Monday as investors bought into
the consumer staples and retail sectors, with supermarket group
Tesco leading the gainers.

The stand-out mover of the day however was mid-cap services
outsourcer Serco, whose shares fell 32 percent after
saying it plans a rights issue of up to 550 million pounds,
having cut forecasts and written down the value of its business.

Nov 10, 2014

FTSE rises towards five-week high; Serco slump hits mid-caps

EDINBURGH, Nov 10 (Reuters) – Britain’s top share index
advanced towards a five-week high on Monday, with investors
switching into supermarkets, and miners rising on hopes that
mixed data from China may prompt the country to add more
stimulus.

The stand-out move of the day however, came from mid-cap
services outsourcer Serco, which tumbled 30 percent
after saying it planned to raise up to 550 million pounds
through a rights issue after cutting its forecasts and writing
down the value of its business.

Nov 10, 2014

FTSE rises towards five-week high, miners rally

EDINBURGH, Nov 10 (Reuters) – Britain’s top share index
advanced towards a five-week high on Monday, with miners rising
on hopes that mixed data from China, the world’s biggest metals
consumer, may prompt the country to launch more stimulus.

Chinese inflation remained near a five-year low and annual
growth in exports and imports slowed in October.

    • 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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