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May 20, 2015

FTSE edges lower after Burberry cuts outlook

LONDON (Reuters) – The FTSE 100 edged lower in choppy trade on Wednesday, weighed down by a hefty drop in luxury goods maker Burberry after it gave a lower outlook for 2016, although M&A talk around Vodafone supported the market.

While Burberry (BRBY.L: Quote, Profile, Research) beat forecasts with its full-year profit report, it cut retail and wholesale profit guidance for 2016 due to foreign exchange movements and said it was seeing increased uncertainty in some markets, sending its shares down 5 percent lower.

May 20, 2015

Britain’s FTSE edges lower after Burberry cuts outlook

LONDON, May 20 (Reuters) – Britain’s top share index edged
lower in choppy trade on Wednesday, weighed down by a hefty drop
in luxury goods maker Burberry after it gave a lower outlook for
2016, although M&A talk around Vodafone supported the market.

While Burberry beat forecasts with its full-year
profit report, it cut retail and wholesale profit guidance for
2016 due to foreign exchange movements and said it was seeing
increased uncertainty in some markets, sending its shares down 5
percent lower.

May 19, 2015

FTSE gains, Land Securities up after dividend hike

LONDON (Reuters) – Britain’s top share index rose on Tuesday, with Land Securities leading the market higher after raising its dividend payout, despite a drop in heavily weighted miners and telecoms firm Vodafone.

The blue-chip FTSE 100 index .FTSE was up 26.20 points, or 0.4 percent at 6,995.07 points by 1034 GMT. The index has gained nearly 7 percent so far this year.

May 19, 2015

Britain’s FTSE gains, Land Securities up after dividend hike

LONDON, May 19 (Reuters) – Britain’s top share index rose on
Tuesday, with Land Securities leading the market higher after
raising its dividend payout, despite a drop in heavily weighted
miners and telecoms firm Vodafone.

The blue-chip FTSE 100 index was up 26.20 points, or
0.4 percent at 6,995.07 points by 1034 GMT. The index has gained
nearly 7 percent so far this year.

May 18, 2015

British FTSE’s advance hindered by drops in Hikma, Lloyds

LONDON, May 18 (Reuters) – Britain’s top share index nudged
higher on Monday thanks to gains in major mining companies but
it was held back by falls in Lloyds and pharmaceuticals company
Hikma.

The FTSE 100 index gave up strong early gains to
trade up just 8.38 points, or 0.1 percent higher, at 6,968.87 by
the close.

May 18, 2015

Britain’s FTSE edges lower as Hikma, Lloyds fall

LONDON, May 18 (Reuters) – Britain’s top share index pulled
back on Monday as a drop in Hikma shares helped drag the index
away from near record highs, despite support from major mining
companies.

The FTSE 100 index gave up early gains to trade 5.67
points, or 0.1 percent, lower at 6,954.82 by 1351 GMT.

May 18, 2015

FTSE near record high; Hikma’s loss holds index back

LONDON (Reuters) – Britain’s top share index pulled back on Monday after coming within a few points of its record highs, as a drop in Hikma shares offset gains by major oil and mining companies.

The FTSE 100 index gave up early gains to trade just 1.50 points higher at 1103 GMT, flat in percentage terms, at 6,961.99.

May 18, 2015

Britain’s FTSE near record high; Hikma’s loss holds index back

LONDON, May 18 (Reuters) – Britain’s top share index pulled
back on Monday after coming within a few points of its record
highs, as a drop in Hikma shares offset gains by major oil and
mining companies.

The FTSE 100 index gave up early gains to trade just
1.50 points higher at 1103 GMT, flat in percentage terms, at
6,961.99.

May 15, 2015

UK’s Cameron says second Scotland referendum ‘not remotely on the cards’

EDINBURGH, May 15 (Reuters) – British Prime Minister David
Cameron said on Friday a second Scottish independence referendum
was “not remotely on the cards”, but he would consider
nationalist demands for greater powers to be devolved from
London to Scotland.

Cameron was speaking after meeting Scotland’s secessionist
leader Nicola Sturgeon in Edinburgh, the Scottish capital, just
over a week after her Scottish National Party (SNP) won almost
every seat in Scotland in the general election, straining
Britain’s unity nine months after a referendum saved it.

May 15, 2015

Coca-Cola HBC and ITV help FTSE to gain further

LONDON, May 15 (Reuters) – Britain’s top share index climbed
higher on Friday after strong sales numbers from drinks bottler
Coca-Cola HBC and encouraging comments from some top
brokers about broadcaster ITV.

Coca-Cola HBC rose 2.4 percent after saying it was
“encouraged” by trading in its first quarter, with volumes
rising 7.2 percent helped by its performance in Nigeria, Poland,
Romania, Hungary and the Czech Republic.

    • 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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