06292016Wed
Last update: Wed, 29 Jun 2016 03am

Europe

Markets - Equity - Europe

Deutsche Boerse, LSE stand by merger plans despite Brexit vote FRANKFURT: The Frankfurt and London stock exchanges said Friday they would press ahead with their planned merger even though Britain has voted to leave the European Union."Deutsche Boerse AG and London Stock Exchange Group note the result of the UK Referendum which recorded a majority of votes in favour of leaving the European Union," the two stock markets said in a joint statement."As stated in the shareholder documents published on June 1, 2016, the recommended all-share merger is not conditional on the outcome of the referendum," the statement said. The two companies' boards "remain fully committed to the agreed and binding merger terms, and continue the process of obtaining the necessary approvals."Deutsche Boerse and LSE have said they intend to seal their planned merger to create a new global player in July. LSE shareholders are to vote on the plans at a meeting in July. The tie-up, which both sides ...

Markets - Equity - Europe

European stocks in free fall after Brexit vote LONDON: European stock markets and the British pound plunged at the start of trading Friday after Britain voted to leave the European Union, with banking stocks leading the way down.London's FTSE-100 index was down 5.0 percent around 0745 GMT off earlier lows with banking stocks Royal Bank of Scotland, Barclays and Lloyds all losing close to a quarter of their market value."The British people have voted against the economic warnings of the overwhelming majority of ...

Markets - Equity - Europe

European stocks headed for 7pc fall: brokers PARIS: Europe's main stock markets are headed for a steep fall of at least seven percent at the opening after Britain's decision to leave the EU, brokers said Friday.London stocks, in the frontline of the fall-out from the vote to leave, are likely to plunge around seven percent when trading gets underway at 0700 GMT, analysts at both CMC Markets and ETX Capital predicted.Inside the eurozone, the Paris stock market is expected to see a ...

Markets - Equity - Europe

FTSE hits two-month high as Britain votes on EU membership LONDON: Britain's top share index rose to a two-month high on Thursday as Britons voted on membership of the European Union after opinion polls showed support for the "Remain" camp rising. Two opinion polls published late on Wednesday showed signs of a last-minute rise in support for staying in the EU. Investors fear Brexit would damage the economy in Britain and beyond. "Overnight polls still suggest the result could be very close, although a late ...

Markets - Equity - Europe

European shares rise ahead of Britain's EU referendum result MILAN: European shares rose for the fifth day running on Thursday, assisted by firmer banks and miners and expectations that Britain would vote to stay in the European Union. The pan-European STOXX 600 and FTSEurofirst 300 indexes rose 1.5 and 1.3 percent respectively, both ending at their highest point in about two weeks. The gains follow a sell-off in the previous week when concerns over a possible Brexit mounted, depressing them to their lowest level ...

Markets - Equity - Europe

European stocks, pound rally as Britain votes LONDON: European stocks rallied and the pound hit 2016 highs Thursday as markets expected the Remain camp to come out on top in Britain's referendum on EU membership.This despite opinion polls suggesting the outcome remains close as millions of Britons voted Thursday.The latest poll, an Ipsos MORI survey for the Evening Standard newspaper, put "Remain" on 52 percent and "Leave" on 48 percent."Another swing in opinion polls back towards Remaining in the EU has sparked ...

Markets - Equity - Europe

Sterling up more than 1 percent as odds shift towards ‘Remain’ LONDON: Sterling gained more than 1 percent to a 2016 high against the dollar in morning trade in London as bookmakers' odds shifted in favour of a vote for remaining in the European Union in Thursday's referendum.Betting exchange Betfair showed odds of around 15 percent for a vote to leave, down from more than 40 percent a week ago before the killing of British lawmaker Jo Cox.The pound gained 1.2 percent on the day to ...