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Sep 2, 2014

Weaker healthcare stocks weigh on European equities

LONDON, Sept 2 (Reuters) – A fall in major healthcare
stocks, after drugmaker AstraZeneca tried to play down
speculation about a new bid from Pfizer, pegged back
European stock markets on Tuesday.

Equity investors were also cautious pending any clues on
policy from the European Central Bank on Thursday.

Sep 2, 2014

European equities dip as healthcare stocks weaken

LONDON, Sept 2 (Reuters) – European shares slipped on
Tuesday as major healthcare stocks fell after drugmaker
AstraZeneca tried to play down speculation about a new
bid from Pfizer.

The region’s stock markets were also waiting to see if the
European Central Bank made any changes in policy this week. Few
expect any major steps, but most expect policy to loosen
eventually, as persistent disinflation and conflict in Ukraine
curb the euro zone’s growth.

Sep 2, 2014

European equity ‘call’ options in vogue on prospect of ECB action

LONDON/PARIS, Sept 2 (Reuters) – Traders are buying up
‘call’ options betting on a gradual move higher in European
stock markets, as expectations grow of new stimulus measures
from the European Central Bank.

The ratio measuring the number of negative ‘put’ options
versus bullish ‘call’ options on the euro zone’s blue-chip Euro
STOXX 50 index – the most liquid European market for
options traders – has dropped sharply in the past three weeks,
to 0.93 currently from 2.45 on Aug. 8.

Sep 2, 2014

Legrand leaps as European shares gain ground

LONDON, Sept 2 (Reuters) – European shares rose on Tuesday,
with French industrial group Legrand outperforming in
response to a broker upgrade.

But European stock markets remained within a tight range as
investors await the European Central Bank’s (ECB) policy
decision later this week.

Sep 2, 2014

UK fund star Woodford dumps HSBC on banking fine inflation fears

LONDON (Reuters) – Star British fund manager Neil Woodford sold his fund’s stake in HSBC last month, citing concerns about the impact of potential fines from several industry-wide investigations on the banking group.

Banks in Europe and the United States have been fined for a variety of transgressions as regulators increase their scrutiny of financial institutions.

Sep 1, 2014

UK fund star Woodford dumps HSBC on banking fine fears

LONDON, Sept 1 (Reuters) – Star British fund manager Neil
Woodford sold his fund’s stake in HSBC last month,
citing concerns about the potential impact of several
industry-wide investigations on the banking group.

Woodford’s sale comes after banks in Europe and the United
States have been fined for a variety of transgressions as
regulators increase their scrutiny of financial institutions.

Sep 1, 2014

Tesco tumbles again as FTSE edges lower

LONDON (Reuters) – Britain’s top equity index edged lower on Monday, as another sharp fall in the share price of supermarket retailer Tesco pegged back the overall stock market.

The blue-chip FTSE 100 index fell by 0.1 percent, or 7.06 points, to 6,812.69 points in early trading. Volumes were expected to be relatively thin, with New York closed for a public holiday.

Sep 1, 2014

Tesco tumbles again as Britain’s FTSE edges lower

LONDON, Sept 1 (Reuters) – Britain’s top equity index edged
lower on Monday, as another sharp fall in the share price of
supermarket retailer Tesco pegged back the overall
stock market.

The blue-chip FTSE 100 index fell by 0.1 percent, or
7.06 points, to 6,812.69 points in early trading. Volumes were
expected to be relatively thin, with New York closed for a
public holiday.

Aug 28, 2014

Weaker mining stocks weigh on UK’s FTSE

LONDON, Aug 28 (Reuters) – Britain’s top equity index edged
down on Thursday from its highest closing level in nearly two
months, as a fall in the shares of top mining companies weighed
on the stock market.

The blue-chip FTSE 100 index, which on Wednesday had
risen to its highest closing level since early July, retreated
by 0.2 percent, or 10.15 points, to 6,820.51 points in early
session trading.

Aug 27, 2014

UK’s FTSE perked up by Petrofac

LONDON, Aug 27 (Reuters) – Britain’s top equity index
climbed to its highest closing level in nearly two months on
Wednesday, with oil and gas services company Petrofac
buoyed by positive broker comments.

However, supermarket stocks such as J Sainsbury Plc
and Tesco underperformed after weak sales data.