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Jun 3, 2014

Wolseley supports UK’s FTSE as caution prevails before ECB meeting

EDINBURGH, June 3 (Reuters) – Britain’s top share index
edged lower in cautious trade on Tuesday, with most stocks
falling in light volumes ahead of the European Central Bank’s
meeting this week, while substantial buying of plumbing supplier
Wolseley provided some support.

Wolseley rose 2.7 percent, the top FTSE 100 gainer,
after it reported a 5.1 percent rise in third-quarter
like-for-like revenue and said it expected revenue to grow about
4 percent in the next six months.

Jun 2, 2014
Jun 2, 2014

UK Conservatives vow more tax powers for Scotland if rejects independence

EDINBURGH, June 2 (Reuters) – British Prime Minister David
Cameron’s Conservative party promised on Monday to radically
increase the Scottish government’s spending powers if voters
reject independence at a referendum in September and opt to stay
in the United Kingdom.

The keenly awaited promise from the Conservatives over what
further powers could be handed over from London if Scotland
votes against independence at a Sept. 18 referendum followed
similar plans unveiled by the two other major UK parties.

Jun 2, 2014

European shares gain after Chinese data

EDINBURGH, June 2 (Reuters) – European shares started the
month positively on Monday, buoyed by strong economic data from
China that helped to allay concerns about growth rates in the
world’s biggest metals consumer.

Basic resources stocks, including miners and other
commodity companies, rose 1.3 percent, the biggest sectoral
gainer, after data showed Chinese factory activity expanded at
its fastest pace in five months in May.

May 30, 2014
May 30, 2014

French shares underperform after BNP Paribas hit by possible fine

EDINBURGH, May 30 (Reuters) – French shares underperformed
on Friday after a report saying the U.S. Justice Department was
pushing blue chip bank BNP Paribas to pay more than
$10 billion to resolve a criminal inquiry.

The French bank’s shares fell 4.7 percent after the Wall
Street Journal reported the figure late on Thursday, citing
people familiar with the matter. The case relates to allegations
that the bank evaded U.S. sanctions against Iran and other
countries for years. BNP and the Justice Department declined to

May 30, 2014
May 29, 2014

Formal countdown begins for Scottish vote that could break up United Kingdom

EDINBURGH, May 30 (Reuters) – The formal campaign for a
Scottish independence vote that could result in the break-up of
the United Kingdom began on Friday, though polls currently show
Scots are unlikely to vote for the demise of the 307-year-old
union with England.

Scottish nationalists hope the desire for independence,
historical rivalry and what they say has been centuries of
mismanagement by far-off leaders in London will drive Scots to
vote for secession in the Sept. 18 referendum.

May 28, 2014
May 28, 2014

Opposing Scottish independence camps both appeal to voters’ pockets

EDINBURGH/LONDON, May 28 (Reuters) – The debate over whether
Scots will be better off if they break away from the United
Kingdom intensified on Wednesday, as pro- and anti-independence
camps both claimed Scots would be at least 1,000 pounds ($1,700)
a year richer.

Scotland holds a referendum on Sept. 18 over whether to end
its 307-year union with England, and as that date moves nearer
the number of people who are still undecided exceeds the
majority who want to retain the union.

    • 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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