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Oct 20, 2014

HSBC fall weighs on UK’s FTSE as rebound loses steam

LONDON, Oct 20 (Reuters) – Britain’s top equity index
slipped on Monday, as last week’s bounce off 15-month lows faded
and a dip in the shares of global bank HSBC pegged back
the market.

The blue-chip FTSE 100 index, which on Friday had
risen 1.9 percent, was down by 0.4 percent, or 23.27 points, at
6,287.02 points in early session trading.

Oct 17, 2014

Tullow comes out on top as UK’s FTSE rebounds off lows

LONDON, Oct 17 (Reuters) – Britain’s top equity index
rebounded from 15-month lows on Friday as concern eased over the
state of the U.S. economy, while Tullow Oil benefited
from a broker upgrade.

Rolls-Royce missed the rally, slumping 14.9 percent
after it warned that deteriorating economies in areas such as
Europe and China meant its profits would not rise next year as
it had forecast.

Oct 17, 2014

UK’s FTSE rises from 15-month low; Tullow on top

LONDON, Oct 17 (Reuters) – Britain’s top equity index
rebounded from 15-month lows on Friday as concern eased over the
state of the U.S. economy. Tullow Oil benefited from a
broker upgrade.

Rolls-Royce missed the rally, slumping 12.4 percent
after it warned that deteriorating economies in areas such as
Europe and China meant its profits would not rise next year as
it had forecast.

Oct 16, 2014

Fidelity’s Rossi says to buy U.S. stocks despite rout

LONDON, Oct 16 (Reuters) – The underlying strength of the
U.S. economy should enable U.S. stocks to recover from this
week’s sell-off, said Fidelity Worldwide Investments’ Dominic
Rossi, which he said had been made worse by hedge funds’ “poor”
trades.

Stocks in Europe and U.S. equity futures extended their
losses on Thursday, after Wednesday’s global market rout, mainly
caused by mounting concerns over the strength of the global
economy.

Oct 15, 2014

Hedge funds bleed as AbbVie reconsiders Shire bid

LONDON (Reuters) – Some of the world’s best known hedge funds lost hundreds of millions of dollars in the value of the stock they hold as Shire plunged after AbbVie’s decision to reconsider its $55 billion bid for the British healthcare group.

Data from Britain’s Financial Conduct Authority (FCA) regulatory body showed that no fund had a major “short” position of more than 0.5 percent, indicating that most hedge funds were confident of the deal’s success.

Oct 15, 2014

UK’s FTSE slumps as drop in Shire hits healthcare stocks

LONDON, Oct 15 (Reuters) – Britain’s top equity index
dropped on Wednesday, as a slump in Shire hit healthcare
stocks and pegged back the broader stock market near 15-month
lows.

The blue-chip FTSE 100 index was down by 0.8
percent, or 48.61 points, at 6,344.07 points in early session
trading, hovering close to 15-month lows reached earlier in the
week.

Oct 14, 2014

Rise in mining stocks lifts Britain’s FTSE off 15-month lows

LONDON, Oct 14 (Reuters) – A rise in major mining stocks,
coupled with solid U.S. corporate results, enabled Britain’s top
equity index to rise off 15-month lows on Tuesday.

The blue-chip FTSE 100 index had been pegged back
near those lows for much of the day, but then rose after the
U.S. stock market was boosted by robust results from Wall Street
bank Citigroup and diversified healthcare company Johnson
& Johnson.

Oct 14, 2014

Losses in luxury goods sector knock back UK’s FTSE

LONDON, Oct 14 (Reuters) – Britain’s top equity index
hovered near 15-month lows on Monday, as gloomy trading updates
from luxury goods companies Burberry and Mulberry
knocked back the market.

The UK market’s fall tracked similar declines elsewhere in
Europe, with European stock markets hit after an index of German
analyst and investor morale fell below zero for the first time
in nearly two years in October.

Oct 13, 2014

European shares slide as global economic outlook darkens

LONDON, Oct 13 (Reuters) – European stock markets dropped on
Monday, extending last week’s losing streak, as concerns about
faltering global economic growth hit equities across the world.

The pan-European FTSEurofirst 300 index, which had
already fallen for the last four sessions, was down by 0.6
percent at 1,285.31 points.

Oct 10, 2014

Germany’s DAX hits one-year low as European shares slump

LONDON, Oct 10 (Reuters) – European shares slumped on
Friday, with Germany’s stock market – one of the region’s best
performers after the 2008 financial crisis – falling to a
one-year low as concerns mounted over the German and global
economies.

The DAX, which had soared to a record high of
10,050.98 points in June, fell 1.9 percent to 8,831.45 points by
1159 GMT after falling to a low of 8,788.21, the lowest level
since October 2013.