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Sep 16, 2014

Financial stocks push UK’s FTSE lower as Scottish vote nears

LONDON, Sept 16 (Reuters) – Britain’s top share index fell
on Tuesday, with financial stocks underperforming as investors
showed reluctance to buy up new positions due to uncertainty
before Scotland’s independence vote on Thursday.

The blue-chip FTSE 100 index was down by 0.4
percent, or 25.20 points, at 6,779.01 points going into the
close of the trading day, with a fall in financial stocks taking
the most points off the index.

Sep 11, 2014

Shares sag but sterling gains as Scotland poll eases nerves

LONDON, Sept 11 (Reuters) – Sterling rose off multi-month
lows on Thursday as a poll showing that most Scots intend to
vote against independence next week alleviated concerns over the
future of the UK, but equities slipped on an unexpected rise in
U.S. jobless claims.

UK financial stocks with strong business ties to Scotland
such as insurer Standard Life and Royal Bank of Scotland
outperformed. But broader European stock markets were
pegged back due to the continuing uncertainty over the issue.

Sep 11, 2014

European shares gain as Scotland poll eases nerves

LONDON (Reuters) – European shares edged up and sterling rose from multi-month lows on Thursday after a poll showing most Scots intend to vote against independence next week took the edge off concerns over the United Kingdom’s future.

The pan-European FTSEurofirst 300 index rose 0.2 percent.

Sterling was steady at $1.6220, having recovered on Wednesday from $1.6051, its lowest since Nov. 15, after the Survation survey was released. The euro eased 0.1 percent to 79.605 pence, well below a three-month high of 80.66 pence struck on Wednesday.

Sep 11, 2014

Shares, sterling gain as Scotland poll eases nerves

LONDON (Reuters) – European shares edged up and sterling rose from multi-month lows on Thursday after a poll showing most Scots intend to vote against independence next week took the edge off concerns over the United Kingdom’s future.

The pan-European FTSEurofirst 300 index .FTEU3 rose 0.2 percent.

Sterling was steady at $1.6220 GBP=D4, having recovered on Wednesday from $1.6051, its lowest since Nov. 15, after the Survation survey was released. The euro eased 0.1 percent to 79.605 pence EURGBP=D4, well below a three-month high of 80.66 pence struck on Wednesday.

Sep 11, 2014

European shares, sterling gain as Scotland poll eases nerves

LONDON (Reuters) – European shares edged up and sterling rose from multi-month lows on Thursday after a poll showing most Scots intend to vote against independence next week took the edge off concerns over the United Kingdom’s future.

The pan-European FTSEurofirst 300 index .FTEU3 rose 0.2 percent.

Sterling was steady at $1.6220 GBP=D4, having recovered on Wednesday from $1.6051, its lowest since Nov. 15, after the Survation survey was released. The euro eased 0.1 percent to 79.605 pence EURGBP=D4, well below a three-month high of 80.66 pence struck on Wednesday.

Sep 10, 2014

The Scottish play – equity investors hedge against UK split

LONDON (Reuters) – As Scottish opinion polls run neck and neck, investors are scrambling to hedge their trading bets on UK equities to protect against market mayhem if Scotland votes next week to break away from the United Kingdom.

The referendum scheduled for Sept. 18, which will decide whether Scotland leaves the 307-year-old union, is too close to call, according to one polling firm. That has rattled investors who had dismissed any need to alter trading strategy while the pro-union camp sat on a comfortable lead for months.

Sep 10, 2014

FTSE up as Kingfisher gains, some say Scotland concerns overdone

LONDON (Reuters) – Britain’s top share index edged up on Wednesday, led by gains in home improvements retailer Kingfisher and housebuilder Barratt Developments as some traders bet Scots were more likely to reject independence than polls suggested.

The blue-chip FTSE 100 index was up 0.2 percent, or 14.56 points, at 6,843.56 points by the middle of the trading day.

Sep 9, 2014

Weak energy stocks and Scotland uncertainty peg back UK’s FTSE

LONDON, Sept 9 (Reuters) – Britain’s top equity index fell
on Tuesday as weaker energy stocks weighed, extending the
previous session’s retreat on the back of concerns that Scotland
could vote to leave the United Kingdom.

The blue-chip FTSE 100 index was down 0.2 percent,
or 12.10 points, at 6,822.67 points at 0820 GMT.

Sep 8, 2014

Germany’s DAX rises above the European equity gloom

LONDON, Sept 8 (Reuters) – Germany’s DAX was the
only major European stock market to rise on Monday, as
uncertainty over a Ukraine ceasefire and Scotland’s independence
vote kept investors off balance.

The DAX closed up 0.1 percent higher at 9,758.03 points -
still some 3 percent below a record high of 10,050.98 points
reached in late June.

Sep 8, 2014

Weaker European equities slightly outpace nervous FTSE

LONDON, Sept 8 (Reuters) – European shares edged lower on
Monday and traders said uncertainty about whether a Ukraine
ceasefire would hold and concerns over Scotland’s independence
referendum were prompting investors to trim their equity
positions.

Continental European equity markets did not lose as much as
Britain’s FTSE 100, which shed 0.5 percent, but they
were nevertheless pegged back in negative territory.