05032016Tue
Last update: Tue, 03 May 2016 06am

Europe

Markets - Equity - Europe

Britain's FTSE slips from 2016 high LONDON: Britain's top share index fell on Thursday after reaching this year's highest close the day before, following a drop in the shares of miner Anglo American and Sky.Sky fell 4.2 percent on doubts over the rights to air Bundesliga matches in Germany.Germany's Federal Cartel Office this month approved plans to keep any single buyer from winning all live TV rights to Bundesliga matches. The ruling is expected to raise costs for Sky, which secured all current live rights in 2012, as competition increases."We think sell-side analysts expect the cost of Bundesliga rights (for 2017/18 to 2020/21) to increase by between 25 percent and 60 percent," Numis analysts said in a note.The pay-TV group reported that it had attracted 177,000 new customers in its third quarter, helping revenue rise 5 percent for the first nine months, in line with forecasts.The biggest faller. however, was miner Anglo American , which was ...

Markets - Equity - Europe

European stocks slip as ECB insists policies working LONDON: European stock markets dipped Thursday while US shares got off to a hesitant start, as the European Central Bank kept borrowing costs steady despite criticism from powerhouse Germany.Small losses in Frankfurt, London and Paris in mid afternoon trades were largely unchanged from before the ECB's announcement, while Wall Street was also steady after a rash of earnings reports.Analysts said ECB chief Mario Draghi had opted for stability after last month's bazooka raft of stimulus ...

Markets - Equity - Europe

Russia's MICEX stock index touches all-time high before retreating with oil MOSCOW: Russia's MICEX share index touched a record high on Thursday, lifted by oil prices and a bullish mood on global markets, before retreating as the oil price fell off 2016 highs.The MICEX, which shows the value of Russian shares in rouble terms, touched 1,977 points, above a previous all-time high of 1,966 points reached in 2008.At 0855 GMT, the MICEX had fallen back and was down 0.5 percent on the day at 1,951 points.The ...

Markets - Equity - Europe

Russian stocks at record high amid broader emerging equity gains LONDON: Russian shares raced to record highs on Thursday, led by commodity prices and investors' new-found enthusiasm for emerging markets, while the broader emerging equity index rose to the highest in 5-1/2 months.Rouble-denominated Moscow shares inched 0.4 percent higher , topping the eight-year highs touched earlier in the week, while the rouble hovered near five-month highs.Dollar-denominated stocks were at a 10-month high."There is a big bid for emerging markets as a whole that Russia is ...

Markets - Equity - Europe

Britain's FTSE slips from 2016 high as Sky falls LONDON: Britain's top share index fell on Thursday after reaching its highest close this year the day before, as Sky shares dropped on doubts over the rights for airing Bundesliga matches in Germany.Germany's Federal Cartel Office this month approved plans to keep any single buyer from winning all live TV rights to Bundesliga matches. The ruling is expected to raise costs for Sky, which secured all current live rights in 2012, as competition increases."We think ...

Markets - Equity - Europe

World stocks gain along with oil, clock ticks down to ECB LONDON: World stock markets reached their highest level in almost five months on Thursday as higher oil prices improved risk appetite and the euro steadied before a European Central Bank meeting.However, European shares slipped lower as attention turned to the ECB. The bank is expected to keep rates at record lows but may signal a willingness to ease policy again to boost inflation.The FTSEurofirst 300 index of leading European shares briefly reached its highest level ...

Markets - Equity - Europe

European stocks fall ahead of ECB meeting, led by Ericsson, Pernod MILAN/LONDON: European stocks fell slightly on Thursday, with Swedish telecom equipment maker Ericsson and French drinks firm Pernod leading the fall after disappointing updates.Some investors said there was some profit taking before a European Central Bank (ECB) meeting later in the day which was widely expected to keep interest rates unchanged."The ECB meeting should not deliver any interesting news but could disclose some details about its corporate bond buying programme," said Enrico Vaccari, fund manager ...