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Apr 27, 2015

UK’s FTSE climbs to record high in face of election uncertainty

LONDON, April 27 (Reuters) – Britain’s top equity index rose
to a record high on Monday, led by HSBC, despite increasingly
volatile moves ahead of next week’s election, with opposition
Labour policies announced at the weekend hitting housebuilders.

HSBC was up 3.1 percent after the Sunday Times
reported that it was weighing plans to spin off its British
retail bank in a 20-billion-pound ($30 billion) deal.
HSBC declined to comment on the report.

Apr 27, 2015

UK’s FTSE climbs to record high after report HSBC considering spin-off

LONDON, April 27 (Reuters) – Britain’s top equity index rose
to a record high on Monday, led by HSBC, after a report that
Europe’s biggest bank might spin off its UK retail operations.

HSBC rose 3.6 percent after the Sunday Times
reported that it was weighing plans to spin off its British
retail bank in a 20 billion-pound ($30 billion) deal.
HSBC declined to comment on the report.

Apr 27, 2015

HSBC helps keep UK’s FTSE near record highs after spin-off report

LONDON, April 27 (Reuters) – Britain’s top equity index
steadied on Monday, supported by a rise in HSBC but falling
short of record highs as traders said housing reform proposals
by the opposition Labour Party had caused a pullback in property
stocks.

Europe’s biggest bank HSBC, rose 2.9 percent after
the Sunday Times reported that it was weighing plans to spin off
its British retail bank in a 20 billion-pound ($30 billion)
deal.

Apr 27, 2015

UK’s FTSE stumbles near record highs as housebuilders weaken

LONDON, April 27 (Reuters) – Britain’s top equity index
slipped lower on Monday, with traders citing plans by the UK’s
opposition Labour Party for rent controls as causing a pullback
in house building and property stocks.

House builders such as Taylor Wimpey and Barratt
Development were among the worst performers on the
blue-chip FTSE 100 index, which was down 0.4 percent at
7,044.47 points.

Apr 25, 2015

From Woking to Wall Street – UK day traders dream of glory in daily grind

WOKING, Britain (Reuters) – The British trader accused of sparking market chaos in 2010 cut his teeth in a drab building in a sleepy suburb that highlights how “day traders” dreaming of glory have to first tackle grim offices, zero glamour and high risk.

The building is home to Futex, one of several so-called “trading farms” in the UK that give training, office space and equipment to people prepared to make short-term trades, mostly within a day, with their own money in the hope of being hired or sponsored for a cut of their profits.

Apr 24, 2015

European shares rise on strong earnings, Greek market also firm

LONDON, April 24 (Reuters) – European shares rose on Friday,
boosted by encouraging corporate earnings and upbeat economic
data, while prospects for a deal over Greece’s debt crisis also
lifted Athens’ volatile market.

The pan-European FTSEurofirst 300 index closed up
0.4 percent at 1,626.83 points. The index reversed most of the
previous session’s losses and stood 1.7 percent below a near
15-year peak reached last week.

Apr 24, 2015

From Woking to Wall St.: UK day traders dream of glory in daily grind

WOKING, Britain (Reuters) – The British trader accused of sparking market chaos in 2010 cut his teeth in a drab building in a sleepy suburb that highlights how “day traders” dreaming of glory have to first tackle grim offices, zero glamor and high risks.

The building is home to Futex, one of several so-called “trading farms” in the UK that give training, office space and equipment to people prepared to make short-term trades, mostly within a day, with their own money in the hope of being hired or sponsored for a cut of their profits.

Apr 22, 2015

Weak earnings and fall in luxury stocks weigh on European shares

LONDON, April 22 (Reuters) – A raft of weak corporate
earnings coupled with sharp drops in some major luxury goods
stocks weighed on European equities on Wednesday.

Luxury group Kering was among the worst performers
after reporting sales dropped by more than expected, with rivals
such as Burberry and Hugo Boss also
retreating. Kering fell 3.9 percent.

Apr 22, 2015

European shares depressed by earnings, luxury proves a drag

LONDON, April 22 (Reuters) – Company earnings depressed
Europe’s regional stock indexes on Wednesday, with the luxury
sector dragging on the market.

Luxury groups Richemont and Kering were
among the worst performers after Richemont warned its net profit
for the year would drop by 36 percent and Kering’s sales dropped
by more than expected.

Apr 17, 2015

UK car dealerships shine on stock market

LONDON, April 17 (Reuters) – With many of Britain’s classic
car brands now foreign-owned, fund managers and brokers are
turning to domestic-listed dealerships to cash in on resurgent
car sales and wage growth in the UK without investing abroad.

Data this month showed that UK new car registrations rose 6
percent in March, setting a record for the month this century,
while wage growth – for long an absent part of Britain’s
economic recovery – is also picking up. [ID: nEONF430SC]