05282016Sat
Last update: Sat, 28 May 2016 06pm

Europe

Markets - Equity - Europe

Greek proposal lifts markets, despite German rejection LONDON: A Greek proposal to extend its bailout and not to undermine agreed fiscal targets lifted European stocks to seven-year highs on Thursday and cut government borrowing costs across the euro zone, even though Germany rejected it.Despite the German rejection, Greece's wording of a document seen by Reuters appeared to go substantially toward the position taken by euro zone finance ministers in early negotiations. That reassured investors a deal was not far away.Ten-year bond yields in Spain, Italy and Portugal -- the countries most vulnerable to the Greek crisis -- fell 5-7 basis points to 1.54 percent, 1.56 percent and 2.27 percent, respectively.They were little changed after a German finance ministry spokesperson said the proposal did not correspond to criteria agreed by the Eurogroup on Monday.The broader FTSEurofirst 300 index was up a touch at 1516.30 after reaching a seven-year high of 1.517.98 points when the Greek proposal was reported ...

Markets - Equity - Europe

Europe stock rally halted as Germany rejects Greek proposal PARIS: Europe's stock rally lost steam on Thursday, with a benchmark index retreating from a seven-year high, after Germany rejected a new proposal from Athens for an extension of its bailout programme.The German finance ministry described the Greek proposal as "not a substantial solution" because it failed to fulfill the conditions of an EU/IMF bailout programme. Greek Prime Minister Alexis Tsipras had promised to ditch those requirements when he won an election last month.With the ...

Markets - Equity - Europe

Centrica slide pulls UK's FTSE from 15-year high LONDON: Britain's top equity index edged down on Thursday from multi-year highs, with utility Centrica weighing on the market after cutting its dividend.The blue-chip FTSE 100 index, which had risen to a 15-year high of 6,921.32 points on Wednesday, fell 0.1 percent to 6,888.90 points.Centrica was the worst-performing FTSE 100 stock in percentage terms, dropping by 8.5 percent. Weak energy prices hit its annual profits and the company also disappointed by slashing its dividend."Centrica is ...

Markets - Equity - Europe

LONDON: Britain's top equity index retreated on Thursday from 15-year highs, with a drop in the share price of utility Centrica weighing on the market.The blue-chip FTSE 100 index, which had risen to a 15-year high of 6,921.32 points on Wednesday, fell 0.4 percent to 6,867.40 points in trading early in the session.Centrica was the worst-performing FTSE 100 stock in percentage terms, dropping by 7.6 percent. Weak energy prices hit Centrica's annual profits and the ...

Markets - Equity - Europe

European stocks weaken at open LONDON: Europe's main stock markets opened lower Thursday, with London's benchmark FTSE 100 index down 0.29 percent at 6,879.59 points.Frankfurt's DAX 30 shed 0.26 percent to 10,932.49 points and the CAC 40 index in Paris was down 0.22 percent to 4,782.59 compared with Wednesday's closeCopyright AFP (Agence France-Presse), 2015 ...

Markets - Equity - Europe

Air France-KLM shares fall after results, new targets PARIS: Shares in Air France-KLM fell almost 6 percent after the group warned overcapacity on some routes and currency swings would offset most of the gain from lower oil prices this year, prompting it to strengthen cost cuts while easing a key debt reduction goal.In early trading following the release of lower 2014 core revenue and earnings, shares in Europe's second-largest traditional carrier were down 4.4 percent at 7.238 euros.Copyright Reuters, 2015 ...

Markets - Equity - Europe

Fish farmer Grieg sees strong market, may pay dividend OSLO: Norwegian fish farmer Grieg Seafood posted a rise in fourth quarter operating profits on Thursday thanks to a one-off gain, and said the market for salmon was strong and that it was considering paying a dividend."Limited supply-side growth is expected to result in a strong market in the period ahead, and the continuing weakness of the Norwegian krone (currency) is also likely to contribute to high prices," Grieg wrote in its earnings report."The Board ...