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Nov 6, 2015

European shares edge higher after strong U.S. jobs data

MILAN/LONDON, Nov 6 (Reuters) – European stock markets edge
higher on Friday after stronger than expected U.S. jobs data
boosted the dollar, lifting export-oriented stocks like autos,
although Cartier brand-owner Richemont plunged after
warning of tough times ahead.

The pan-European FTSEurofirst 300 index was up 0.15
percent and the euro zone’s blue-chip Euro STOXX 50 index
gained 0.24 percent, while Germany’s export-heavy
DAX outperfomed to gain 0.75 percent.

Nov 6, 2015

European shares fall as Richemont takes shine off luxury stocks

LONDON, Nov 6 (Reuters) – European stock markets fell on
Friday, with luxury goods stocks among the worst performers
after Richemont warned of tough times ahead.

Shares in Swiss agriculture company Syngenta rose
more than 3 percent after media reports of a possible deal with
DuPont.

Nov 5, 2015

UK shares fall as Egypt worries hit Thomas Cook and Amec Foster slumps

LONDON, Nov 5 (Reuters) – Britain’s stock market retreated
on Thursday, with worries about security in Egypt hitting travel
group Thomas Cook while energy services company Amec
Foster Wheeler slumped on a dividend cut.

On the benchmark FTSE 100 index, supermarket
retailer WM Morrison fell 3.2 percent after reporting
another drop in quarterly underlying sales. Drugmaker
AstraZeneca advanced 3.5 percent after lifting its 2015
forecasts.

Nov 4, 2015

Hedge funds Odey and Eminence stand to profit from TalkTalk’s woes

LONDON, Nov 4 (Reuters) – Hedge funds Odey Asset Management
and Eminence Capital LP are among those that could be profiting
from a slump in the shares of telecoms group TalkTalk
after its cyber attack last month.

Data from Britain’s Financial Conduct Authority (FCA) showed
that billionaire trader Crispin Odey’s eponymous company and
Ricky Sandler’s Eminence Capital had “short positions” of 1.7
and 1.8 percent respectively in TalkTalk on Oct. 29 and Oct 30.

Nov 3, 2015

Rise in European stocks hindered by weak bank results

LONDON, Nov 3 (Reuters) – European shares recovered from a
weak start on Tuesday, buoyed by a rise on Wall Street, though
weak earnings from Standard Chartered and UBS
dampened sentiment in the banking sector.

Standard Chartered slid 6.7 percent after saying it wants to
raise $5.1 billion in new capital through a rights issue and cut
15,000 jobs by 2018 as new chief executive Bill Winters tries to
restore profitability, hit by a slowdown in emerging markets.

Nov 3, 2015

Weak bank results lead European stocks lower

LONDON, Nov 3 (Reuters) – European shares edged lower on
Tuesday, with banks falling after weak earnings from Standard
Chartered and UBS dampened sentiment in the
sector.

Standard Chartered slid 9 percent after it announced plans
to raise $5.1 billion in new capital through a rights issue and
cut 15,000 jobs by 2018 as new Chief Executive Bill Winters
tries to restore profitability at the bank, which has been hit
by a slowdown in emerging markets.

Nov 3, 2015

Firmer energy shares lift European stocks although VW falls

LONDON, Nov 3 (Reuters) – A rise in energy shares propped up
European stock markets on Tuesday, although Volkswagen
fell after an emissions scandal that has hit the
German carmaker widened.

The pan-European FTSEurofirst 300 index and the
euro zone’s blue-chip Euro STOXX 50 index advanced
by 0.1 and 0.2 percent respectively.

Nov 2, 2015

FTSE falters on Hikma hiccup, China data hits miners

LONDON, Nov 2 (Reuters) – Britain’s top equity index fell on
Monday after a 5 percent rally last month, hit by a sharp drop
in the shares of drugmaker Hikma and weakness in the
mining sector, caused by lingering concerns about an economic
slowdown in China.

The blue-chip FTSE 100 index, whose rise in October
marked its biggest monthly gain since July 2013, was down 0.4
percent at 6,335.98 by 1251 GMT.

Nov 2, 2015

FTSE falters on Hikma hiccup and HSBC weakness

LONDON (Reuters) – Britain’s top equity index fell on Monday, as drops in the shares of drugmaker Hikma and leading bank HSBC pushed the market back down after a five percent rally last month.

Weak economic data from China, the world’s second-biggest economy and the leading global consumer of metals, also weighed on global stock markets.

Nov 2, 2015

Britain’s FTSE falters on Hikma hiccup and HSBC weakness

LONDON, Nov 2 (Reuters) – Britain’s top equity index fell on
Monday, as drops in the shares of drugmaker Hikma and
leading bank HSBC pushed the market back down after a
five percent rally last month.

Weak economic data from China, the world’s second-biggest
economy and the leading global consumer of metals, also weighed
on global stock markets.