07292016Fri
Last update: Fri, 29 Jul 2016 05am

Europe

Markets - Equity - Europe

LSE shareholders approve Deutsche Boerse merger LONDON: London Stock Exchange Group shareholders on Monday voted overwhelmingly for a merger with Deusche Boerse, operator of the Frankfurt index, despite concerns it could be scuppered by Britain's EU exit.A total 99.89 percent of LSEG shareholders who voted supported the merger, said a statement containing the result.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Equity - Europe

Weaker property stocks halt FTSE's post-Brexit recovery LONDON: Britain's top shares index fell on Monday, as weaker property and housebuilding stocks weighed on the market and halted its rebound from a slump caused by the UK's decision to leave the European Union. The blue-chip FTSE 100 index, which had risen in the four previous sessions, was down 0.4 percent at 6,551.92 points.Property stocks British Land and Land Securities were the worst performers, down 7.2 percent and 6.3 percent respectively, while housebuilders Persimmon ...

Markets - Equity - Europe

Polish pension plan hits stocks, zloty weakens BUDAPEST/WARSAW: Poland led a decline in Central European stocks on Monday after the government announced a sweeping pension reform including the assets managed by private pension funds.The plan triggered worries that demand for equities from the state-guaranteed funds - known as OFE in Poland - and key players in the bourse could be hit, similar to the impact of an overhaul three years ago.The bourse's bluechip index fell 1.2 percent by 1308 GMT, halving their ...

Markets - Equity - Europe

Britain's FTSE 100 rises to build on post-Brexit recovery LONDON: Britain's top shares index rose on Monday, as firmer mining stocks helped the market build on last week's recovery from a slump caused by the UK's decision to leave the European Union. The blue-chip FTSE 100 index, which had risen in the four previous sessions, was up 0.1 percent at 6,583.67 points in early session trading, having earlier touched its highest level since August 2015.Mining stocks were among the best performers, helped by a ...

Markets - Equity - Europe

Miners prop up European shares but post-Brexit rally loses momentum MILAN: European shares were little changed on Monday with gains among mining stocks on the back of stronger metal prices offset by weakness in the battered banking sector.The pan-European STOXX 600 index was 0.1 percent down by 0806 GMT, after gaining 7.6 percent in the past four sessions, and the FTSEurofirst 300 was up 0.05 percent.Stocks rose last week on hopes that the European Central Bank would step in to support markets, easing concerns over ...

Markets - Equity - Europe

Miners help European shares rise for fifth straight day MILAN: European shares rose for a fifth straight session on Monday with gains among mining stocks helping the market extend last week's rally on the back of higher metal prices.The pan-European STOXX 600 index rose 0.4 percent by 0705 GMT, while the FTSEurofirst 300 gained 0.4 percent.Stocks rose last week on hopes that the European Central Bank would step in to support markets, easing concerns over any fallout from Britain's decision last month to leave ...

Markets - Equity - Europe

Britain's FTSE 100 rises to build on post-Brexit fightback LONDON: Britain's top shares index rose on Monday, as firmer mining stocks helped the market build on last week's recovery from a slump caused by Britain's decision to leave the European Union.The blue-chip FTSE 100 index, which had risen in the four previous sessions, was up 0.4 percent at 6,600.70 points in early session trading - its highest level since August 2015.Mining stocks were among the best performers, helped by a rise in London copper ...