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Europe

Markets - Equity - Europe

Britain's FTSE near record high; Hikma's loss holds index back LONDON: Britain's top share index pulled back on Monday after coming within a few points of its record highs, as a drop in Hikma shares offset gains by major oil and mining companies.The FTSE 100 index gave up early gains to trade just 1.50 points higher at 1103 GMT, flat in percentage terms, at 6,961.99.The index hit a high of 7,015.49 points in early session trading, close to the record 7,122.74 points it reached in late April. The FTSE 100 is up by around 7 percent this year.The biggest loser on the index was Hikma, which dropped 2.8 percent after its founder, who was also a major shareholder, died on Friday. The pharmaceutical company fell 2.6 percent in volume of two thirds of its 90-day average by mid-session trade.Lloyds also fell after the bank was downgraded to "sell" from "hold" by Investec.Out of 26 analysts with a rating on Lloyds, ...

Markets - Equity - Europe

Europe shares lose ground, Germany outperforms LONDON: European shares slipped on Monday, with German auto stocks among the few bright spots, as energy earnings, persistent concerns over Greece's cash crunch and looming share sales in the banks sector sapped investor appetite.The pan-European FTSEurofirst 300 index was down 0.3 percent at 1,567.90 points at 1049 GMT, with most national benchmark indexes in negative territory. A recent rollercoaster sell-off in the bond market has taken some of the wind out of European stock-market ...

Markets - Equity - Europe

European stocks rise, led by energy shares; dollar rebounds LONDON: European shares rose on Monday, with energy stocks in focus after a rise in oil prices, while the dollar lifted off four-month lows it had reached on concern over the U.S. economy.The pan-European FTSEurofirst 300 stocks index opened down but quickly recovered and was last up 0.6 percent, led higher by commodity stocks.Brent crude rose $1 to near $68 a barrel as violence in Irag and Yemen outweighed concerns about oversupply.Asian shares had earlier ...

Markets - Equity - Europe

European stocks firm at open LONDON: European stock markets nudged higher at the start of trading on Monday, with London's benchmark FTSE 100 index up 0.06 percent at 6,964.55 points.Elsewhere, the CAC 40 in Paris also gained 0.06 percent to 4,996.96 points and Frankfurt's DAX 30 won 0.16 percent to 11,464.80 compared with Friday's close.Most of Asia's key markets were lower Monday following a strong end to last week and despite another record close on Wall Street, although Tokyo was ...

Markets - Equity - Europe

European stocks rise in light holiday trade LONDON: Europe's stock markets rose Thursday in light holiday trade, after US stocks climbed higher following a mixed batch of US economic data and corporate earnings.Trading was subdued in Europe owing to a public holiday in Germany and France, but the markets remained open.London's benchmark FTSE 100 index of leading companies closed up 0.34 percent to 6,973.04 points.In Paris, the CAC 40 rose 1.36 percent to 5,029.31 points, while the DAX 30 in Frankfurt climbed ...

Markets - Equity - Europe

FTSE ends higher; 3i Group leads after strong earnings LONDON: Britain's FTSE 100 index ended higher on Thursday, with encouraging updates from companies such as 3i Group supporting the broader stock market.Private-equity group 3i rose 3 percent, the biggest gain in the FTSE 100, after it reached the end of a three-year restructuring with strong earnings growth at its portfolio companies."The group remains cautious about the current environment given high financial market valuations and increased currency volatility. However it looks forward with confidence, with ...

Markets - Equity - Europe

Euro at 3-month high, bond yields key LONDON: The euro hit a three-month high against the dollar on Thursday, lifted by another lurch higher in euro zone government bond yields that again kept global stock markets in check.Investors digested figures from the previous day that showed relatively strong euro zone economic growth in the first quarter, contrasting with disappointingly weak U.S. retail sales in April.The euro shot above $1.14, bringing its gains against the U.S. currency in the last month to nearly ...