Monday, May 30, 2016

Belgian, Dutch mail firms to confirm merger talks on Monday-Le Soir

AMSTERDAM, May 29 (Reuters) - Belgian mail operator Bpost

is to announce on Monday it is to continue takeover

talks with Dutch peer PostNL, with the blessings of

the Belgian government, its majority...

Read more

Sunday, May 29, 2016

Britain's FTSE posts biggest weekly gain since mid-April

LONDON, May 27 (Reuters) - Britain's FTSE 100 ended slightly

firmer on Friday, led higher by Royal Mail, with the

blue-chip index posting its biggest weekly gain for six weeks.

Read more

Friday, May 27, 2016

UPDATE 1-Bpost, PostNL shares suspended after postal merger report

BRUSSELS/AMSTERDAM, May 27 (Reuters) - Shares in Belgian and

Dutch mail operators Bpost and PostNL were

suspended on Friday, pending announcements from both companies

after reports of a possible...

Read more

UPDATE 2-French insurer AXA sells last UK life and savings business

* AXA to book 400 mln euro loss on three UK sales this year

(Adds Phoenix CEO comments, advisers, background)

Read more

Britain's FTSE set for biggest weekly gain since mid-April

LONDON, May 27 (Reuters) - Britain's top share index was set

for its biggest weekly gain for six weeks on Friday, trading

flat and consolidating recent gains after a sharp rally to a

one-month high.

Read more

UPDATE 1-Philips Lighting shines in stock market debut

* Amsterdam attracting a series of new listings

(Updates with quotes after news conference with new CEO)

Read more

UPDATE 1-Roche boosted by trial success with blood cancer drug

ZURICH, May 27 (Reuters) - Roche got a big boost on

Friday when a clinical trial testing its new blood cancer drug

Gazyva proved successful, lifting prospects for a new medicine

that will be pivotal...

Read more

UPDATE 1-ChemChina interested in Germany's SGL Carbon - Manager Magazin

* Shares in SGL jump as much as 14 pct

(Adds SGL spokesman comment, SGL shares, background)

Read more

Thursday, May 26, 2016

UPDATE 1-GameStop's profit forecast misses estimates; shares drop

May 26 (Reuters) - GameStop Corp, the world's

largest retailer of video games, forecast current-quarter profit

below analysts' estimates, sending its shares down 10 percent in

after-hours trading.

Read more

UPDATE 1-Ionis shares plummet as GSK scraps heart drug trial plans

May 26 (Reuters) - Ionis Pharmaceuticals Inc's

shares plunged 40 percent on Thursday, wiping out over $900

million from its market value, after the company said

GlaxoSmithKline Plc had scrapped...

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Ionis shares slump 40 pct as GSK scraps heart drug trial plans

May 26 (Reuters) - Ionis Pharmaceuticals Inc's

shares plunged 40 percent on Thursday, wiping out over $900

million from its market value, after the company said

GlaxoSmithKline Plc had scrapped...

Read more

WRAPUP 2-Canada's biggest banks braced for more losses from oil loans

TORONTO, May 26 (Reuters) - Canada's biggest banks on

Thursday warned of further losses in coming quarters as energy

companies struggled to repay loans, even as growth in wealth

management and retail...

Read more

UPDATE 1-Halkbank shares fall over U.S. case against Turkish-Iranian gold trader

ISTANBUL, May 26 (Reuters) - Shares of Turkey's state-run

Halkbank fell more than 3 percent on Thursday, with

market participants citing fears about the impact of a case U.S.

prosecutors have brought...

Read more

FTSE steadies at close after climbing to one-month high

LONDON, May 26 (Reuters) - Britain's top share index

steadied at the close on Thursday after reaching a one-month

high, as mining shares rallied along with metals prices to

offset weaker banking and...

Read more

UPDATE 2-Banco Popular capital hike sparks renewed Spanish bank fears

* Shares in Spanish banks fall after announcement

(Adds details and quotes from the Chairman)

Read more

UPDATE 2-Sears explores options for two businesses; loss widens

May 26 (Reuters) - Sears Holdings Corp on Thursday

said it would seek partnerships or other arrangements to expand

its home-improvement service business and some of its best-known

brands, sending its...

Read more

UPDATE 2-Dollar stores' profits top estimates on higher spending

* Dollar General, Dollar Tree shares at record high

(Adds Dollar Tree results, details; updates shares)

Read more

Pakistan shares end higher; rupee flat, o/n rates rise

KARACHI, Pakistan, May 26 (Reuters) - Pakistan stocks closed

higher on Monday as rising international oil prices buoyed oil

stocks, while bank shares extended losses after the central bank

cut its...

Read more

UPDATE 3-Takata in rescue talks with KKR, other investors - sources

* Sources: Takata committee in talks with KKR, other

investors

Read more

UPDATE 1-Apparel retailer Abercrombie's sales fall for 13th straight qtr

May 26 (Reuters) - Teen apparel retailer Abercrombie & Fitch

Co's sales fell for the 13th straight quarter as

customer traffic to its stores dropped, mainly in markets

outside the United States.

Read more

Britain's FTSE hits one-month high as commodity stocks rally

LONDON, May 26 (Reuters) - Shares in UK mining and oil & gas

companies rallied on Thursday, tracking gains in commodities

prices, although companies going "ex-div" weighed on the wider

market.

Read more

Apparel retailer Abercrombie's sales fall for 13th straight qtr

May 26 (Reuters) - Teen apparel retailer Abercrombie & Fitch

Co's quarterly sales fell for the 13th straight quarter

as traffic to its stores dropped, mainly in markets outside the

United States.

Read more

BUZZ-Daily Mail: worst day in over 10 yrs on FY warning

** Daily Mail and General Trust -c.9%, on track

for worst day since early 2006 & worst performer on Stoxx 600

media index after publisher of the Daily Mail newspaper

cuts FY outlook

Read more

BUZZ-B&M: up in strong vols after FY beat

** Discount store chain B&M European +c.2% after FY

results beat expectations

Read more

Wednesday, May 25, 2016

UPDATE 4-New boss warns on profit as turns to "Mrs M&S" to revive clothing

* Shares fall up to 10 pct

(Adds detail, CEO, investor comments)

Read more

Britain's FTSE climbs as banks, oil companies rise, M&S slumps

* M&S slumps after warning of short-term profit hit

(Updates prices at close)

Read more

UPDATE 4-Jeweler Tiffany posts steepest sales drop since financial crisis

* Shares fall as much as 3 pct

(Adds details; updates shares)

Read more

Britain's FTSE climbs as banks and oil companies rise, M&S slumps

* M&S slumps after warning of short-term profit hit

(Adds detail and updates prices)

Read more

UPDATE 1-FDA delays decision on Sarepta's muscle-wasting disorder drug

May 25 (Reuters) - The U.S. Food and Drug Administration

deferred its decision on Sarepta Therapeutics Inc's

muscle-wasting disorder drug, a month after a federal advisory

panel determined the...

Read more

Pakistan shares close lower; rupee steady, o/n rates fall

KARACHI, May 25 (Reuters) - Pakistan stocks closed lower on

profit-taking that extended from the previous session, dealers

said.

Read more

UPDATE 3-HP Enterprise to merge IT services unit with Computer Sciences

May 24 (Reuters) - Hewlett Packard Enterprise Co

said it would spin off and merge its struggling IT services

business with Computer Sciences Corp, allowing the

company to focus on its cloud services...

Read more

BUZZ-Intertek: hits over 1- month low on softer organic growth

** Product testing firm Intertek falls as much as

3.8 pct to its lowest since Apr 19, among the top FTSE 100

fallers

Read more

Tuesday, May 24, 2016

UPDATE 2-UniCredit says CEO to step down

* New CEO could launch cash call, make cuts

(Adds fund manager, background)

Read more

HP Enterprise to merge enterprise unit with Computer Sciences Corp

May 24 (Reuters) - Hewlett Packard Enterprise Co

said on Tuesday it plans to spin off and merge its enterprise

services business with Computer Sciences Corp.

Read more

UPDATE 2-Twitter drops photos, videos from 140-character limit

May 24 (Reuters) - Twitter Inc said on Tuesday that

user names and media attachments such as photos and videos will

no longer count toward the length of a tweet but the

140-character limit will...

Read more

Herbalife shares volatile amid conflicting FTC settlement reports

May 24 (Reuters) - Shares of Herbalife Ltd jumped as

much as 8.5 percent amid conflicting reports on whether the

company had reached an agreement in principle with the U.S.

Federal Trade Commission...

Read more

BRIEF-Telecom Italia falls 3 pct on Metroweb report

* Trader says shares falling on report Enel will be chosen

as buyer of fibre optic group Metroweb

Read more

Britain's FTSE 100 hits three-week high as banks rally

* Coca-Cola HBC hit by stake sale

(Updates prices at close)

Read more

UPDATE 3-Best Buy forecasts profit below estimates, shares plunge

May 24 (Reuters) - Best Buy Co Inc's earnings beat

expectations on Tuesday and the company registered strong online

sales growth, but a lower-than-expected outlook for

current-quarter profit sent its...

Read more

UPDATE 3-Toll Brothers revenue jumps as home sales, prices rise

* 2nd-quarter orders rise 3.2 pct

(Adds details; updates shares)

Read more

Pakistan shares close lower; rupee stronger, o/n rates flat

KARACHI, May 24 (Reuters) - Pakistan stocks closed lower on

Tuesday on profit-taking as investors cashed in after the index

rose for six straight sessions, dealers said.

Read more

Solid Kingfisher, banks lift Britain's FTSE 100

* Coca-Cola HBC hit by stake sale

(Adds detail and quote, updates prices)

Read more

BUZZ-Imperial Brands: Barclays upgrade lifts stock

** Imperial Brands, formerly Imperial Tobacco, gains

as much as 2.3 pct

Read more

Shares in UniCredit up more than 2 pct ahead of key board meeting

MILAN, May 24 (Reuters) - Shares in UniCredit rose

more than 2 percent in early trade on Tuesday, ahead of a board

meeting expected to formally approve the search for a new chief

executive.

Read more

Britain's FTSE lifted by solid Kingfisher

LONDON, May 24 (Reuters) - Britain's top share index rose on

Tuesday, helped by well-received trading statement from

Kingfisher and a broker upgrade for Imperial Brands.

Read more

Monday, May 23, 2016

Options traders see make-or-break day for Sarepta Therapeutics

NEW YORK, May 23 (Reuters) - Traders in the options market

are looking for a big move in Sarepta Therapeutics Inc

shares this week when U.S. regulators are due to decide whether

the company can...

Read more

UPDATE 5-Battle over Redstone's media empire sparks hope for change

May 23 (Reuters) - The legal battle over control of Sumner

Redstone's $40 billion media empire has investors hopeful that

change will come to underperforming Viacom Inc.

Read more

UPDATE 2-Doubts mount over merger of health insurers Anthem, Cigna

May 23 (Reuters) - Wall Street expressed growing doubts

about a pending $54 billion merger of U.S. health insurers

Anthem Inc and Cigna Corp on Monday as news of

management squabbles added to...

Read more

UPDATE 1-UniCredit set to start search for new CEO

* Capital increase, cuts to international network among

options

(Rewrites first paragraph with sources, Ghizzoni's comments,

board meeting details)

Read more

UPDATE 2-Tribune gets $70.5 mln investment from billionaire Soon-Shiong

* Shares fall as much as 21.5 pct

(Adds details, Gannett response; updates shares)

Read more

Shanda Group reports 11.7 pct stake in LendingClub

May 23 (Reuters) - Affiliates of investment firm Shanda

Group reported an 11.7 percent stake in LendingClub Corp,

sending the shares of the lending platform operator up more than

8 percent in...

Read more

UPDATE 1-Shanda Group reports 11.7 pct stake in LendingClub

May 23 (Reuters) - Affiliates of Singapore-based private

investment firm Shanda Group reported an 11.7 percent stake,

including call options, in LendingClub Corp, sending

shares of the lending...

Read more

Pakistan shares end slightly higher; rupee weakens, o/n rates fall

KARACHI, May 23 (Reuters) - Pakistan stocks closed

marginally higher on Monday, with banks taking a hit after the

central bank cut interest rates over the weekend, and energy

stocks drop following...

Read more

UPDATE 5-Bayer defies critics with $62 billion Monsanto offer

* Bayer shares fall as much as 3.6 pct to 2-1/2 year low

(Adds more CEO, analyst comments, background)

Read more

Britain's FTSE edges lower as commodities stocks slip

LONDON, May 23 (Reuters) - Britain's top share index edged

lower on Monday, with a drop in the prices of crude oil and

industrial metals putting pressure on commodities-related

stocks.

Read more

UPDATE 3-Bayer offers to buy Monsanto for $62 billion

* Bayer shares fall as much as 3.6 pct to 2-1/2 year low

(Adds CEO, fund manager and analyst comments, context, shares)

Read more

UniCredit investors edgy as they wait to hear fate of CEO

MILAN, May 23 (Reuters) - Shares in UniCredit

initially fell more than 2 percent on Monday before recovering

on the eve of a board meeting that is expected to discuss the

fate of the Italian bank's...

Read more

UPDATE 1-Fiat Chrysler shares fall on report of German sales ban threat

MILAN, May 23 (Reuters) - Shares in Fiat Chrysler

fell more than 5 percent on Monday after Germany's Bild

newspaper reported that the carmaker could be prohibited from

selling cars in Germany if...

Read more

BUZZ-Burberry: falls as Deutsche Bank cuts target

** Burberry falls 1 pct, one of the top FTSE 100

faller as Deutsche Bank cuts PT to 1250p from 1350p,

rating "hold"

Read more

UPDATE 2-China's FGC to buy Germany's Aixtron for 670 mln euros

* Aixtron shares jump 15 pct to five-month high

(Adds analyst comment, background, advisers)

Read more

Sunday, May 22, 2016

Fujian Grand Chip Investment to offer 670 mln euros for Aixtron

FRANKFURT, May 23 (Reuters) - China's Fujian Grand Chip

Investment Fund LP said on Monday it planned to offer 6 euros

per share to buy Aixtron, valuing the German

semiconductor equipment maker at...

Read more

Friday, May 20, 2016

Little for U.S. stock investors to cheer on anniversary of S&P record high

By Lewis Krauskopf

NEW YORK, May 20 (Reuters) - A year ago the U.S. stock

market minted new all-time highs, but you could excuse investors

for not celebrating the anniversary.

The benchmark...

Read more

UPDATE 2-Bayer's Monsanto approach sparks shareholder uproar

* Investors, analysts question size, financing of deal

(Adds Bayer comment, analyst comment on healthcare unit)

Read more

UPDATE 1-UniCredit lifted by possibility of asset sales boosting capital

* Extraordinary board meeting called on May 24-sources

(Adds details on payments unit, board meeting)

Read more

UPDATE 3-Deere posts lower quarterly results, cuts profit outlook

May 20 (Reuters) - Deere & Co cut its profit outlook

again and reported a decline in quarterly earnings on Friday as

a global farm recession and weak construction equipment markets

led to lower sales...

Read more

Pakistan shares close higher; rupee weaker, o/n rates fall

KARACHI, May 20 (Reuters) - Pakistan stocks inched up on

Friday after profit-taking pulled down shares in the second half

of the session, but extended gains from Thursday to close 1.6

percent higher...

Read more

UniCredit lifted by possibility of asset sales boosting capital

MILAN, May 20 (Reuters) - UniCredit shares rose on

Friday on expectations of the Italian bank selling stakes it

holds in other banks to shore up its capital, reducing the need

to issue new shares.

Read more

BUZZ-Ladbrokes: hits 2-month high on regulator's merger review

** British bookmaker Ladbrokes jumps as much as 12

pct to its highest since March 2, top FTSE midcap gainer

Read more

BUZZ-Thomas Cook: hits 3 yr low on multiple broker cuts

** Tour operator Thomas Cook falls for a 2nd

session, down as much as 3 pct

Read more

REFILE-Britain's FTSE led higher by Coca-Cola HBC and miners

LONDON, May 20 (Reuters) - UK shares rose on Friday, set for

their biggest daily gain in more than a month after a rise in

bottling company Coca-Cola HBC and a rally in mining

stocks.

Read more

BUZZ-Spectris: hits 3-month low on softer Q1

** Electrical engineering company Spectris down as

much as 7 pct to its lowest since Feb 16 after a

softer-than-expected Q1

Read more

UPDATE 1-Gap to close 75 Old Navy, Banana Republic stores outside N.America

May 19 (Reuters) - Gap Inc said it would shut 75 Old

Navy and Banana Republic stores overseas markets, as the

struggling apparel retailer focuses on its North American market

to revive its fortunes.

Read more

Thursday, May 19, 2016

Gap to close 75 Old Navy, Banana Republic stores globally

May 19 (Reuters) - Apparel retailer Gap Inc said on

Thursday it would shut 75 Old Navy and Banana Republic stores

globally as the retailer tries to recover from five straight

quarters of falling...

Read more

American Eagle's Aerie makes a splash as Victoria's Secret falters

May 19 (Reuters) - American Eagle Outfitters Inc's

lingerie and swimwear brand Aerie is the toast of the season as

it quietly takes away the spotlight from runway favorite

Victoria's Secret.

Read more

Britain's FTSE falls as travel stocks suffer

* Prospect of U.S. Fed rate hike puts pressure on

commodities

(ADVISORY- Reuters plans to replace intra-day European and UK

stock market reports with a Live Markets blog on Eikon - see...

Read more

UPDATE 1-Tonix shares soar as PTSD drug shows promise in study

May 19 (Reuters) - Tonix Pharmaceuticals Holding Corp

said a higher dose of its experimental drug for

post-traumatic stress disorder (PTSD) helped control symptoms in

patients, sending its shares...

Read more

UPDATE 1-PE firm Cinven considering bid for Restaurant Group - Sky News

May 19 (Reuters) - Private equity firm Cinven is

considering a bid for Restaurant Group Plc, the owner of

Mexican food chains Chiquito and Joe's Kitchen, Sky News

reported on Thursday.

Read more

Pakistan shares hit record high; rupee weakens, o/n rates rise

KARACHI, May 19 (Reuters) - Pakistan stocks closed at a

record high on Thursday, helped by good foreign investor

inflows, dealers said.

Read more

Britain's FTSE falls as travel stocks suffer

* Prospect of U.S. Fed rate hike puts pressure on miners

(ADVISORY- Reuters plans to replace intra-day European and UK

stock market reports with a Live Markets blog on Eikon - see...

Read more

UPDATE 1-Wal-Mart profit beats expectations; stock jumps

May 19 (Reuters) - Wal-Mart Stores Inc on Thursday

reported a higher-than-expected quarterly profit as sales in the

U.S. market rose, sending the retailer's shares up nearly 10

percent.

Read more

U.S. bank stocks rally on hawkish Fed

NEW YORK, May 18 (Reuters) - Bank stocks were the standout

winners on Wednesday from the Federal Reserve's unexpectedly

firm signal that its next rate hike could be just weeks away, a

prospect that...

Read more

Wednesday, May 18, 2016

UPDATE 1-American Eagle's sales lifted by strong demand for Aerie line

* Expects 2nd-qtr profit of $0.20-$0.21/shr

(Adds comments, background)

Read more

American Eagle's sales top estimates on strong demand

May 18 (Reuters) - Teen apparel retailer American Eagle

Outfitters Inc reported a higher-than-expected rise in

quarterly sales and profit as demand for its brands remained

resilient in a grim retail...

Read more

Eletrobras sinks as Brazil utility faces SEC delisting, cash injection



Read more

UPDATE 2-Germany asks Opel for more information in Zafira emissions probe

* Germany says Zafira switches off green exhaust systems at

speed

Read more

UPDATE 3-Target shares plunge after sales miss estimates

CHICAGO, May 18 (Reuters) - Target Corp gave a

cautious outlook on Wednesday after reporting a

lower-than-expected increase in quarterly sales at established

stores because of unseasonable weather...

Read more

Britain's FTSE retreats from 2-week high, miners weigh

* Banks rally on renewed prospect of U.S. rate hike

(Updates with prices at close)

Read more

Britain's FTSE retreats from 2-week high, miners weigh

* Miners track weaker metals prices

(Adds detail and quote, updates prices)

Read more

UPDATE 1-Sonova falls short of full-year targets, shares plunge

* Shares down 7 pct

(Adds new CEO quote, analyst comment, share price)

Read more

UPDATE 4-Lowe's sales beat estimates; shares hit record high

* Shares touch record high

(Adds details from conference call, graphic; updates shares)

Read more

CORRECTED-UPDATE 2-Lowe's sales beat estimates as housing market strengthens

May 18 (Reuters) - Home improvement chain Lowe's Cos Inc

followed larger rival Home Depot Inc in reporting

better-than-expected quarterly sales as strength in the U.S.

housing market and favorable...

Read more

Britain's FTSE retreats from 2-week high, miners weigh

* Miners track weaker metals prices

(Adds detail and quote, updates prices)

Read more

UPDATE 3-Suzuki says it used wrong mileage tests for Japan models; shares slide

* Suzuki says 16 Japan models affected by improper mileage

testing

Read more

BUZZ-Marston's: 2nd top midcap gainer after strong H1

** Pubs group Marston's +4% & 2nd top FTSE midcap

gainer after solid H1

Read more

Britain's FTSE retreats from 2-week high, miners weigh

LONDON, May 18 (Reuters) - Britain's top share index slipped

from a two-week high on Wednesday, with luxury firm Burberry

falling after a slump in its profits, and miners

tracking weaker metals...

Read more

UBS raises 2016 growth forecasts for Germany, France and Spain

LONDON, May 18 (Reuters) - Swiss bank UBS raised on

Wednesday its growth forecasts for Germany, France and Spain for

the current year, but lowered its expectations for Italy.

Read more

Tuesday, May 17, 2016

Britain's FTSE reaches two-week high as Taylor Wimpey surges

* DCC rises after results

(ADVISORY- Reuters plans to replace intra-day European and UK

stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets

for...

Read more

UPDATE 2-T.J. Maxx owner raises forecast as shoppers hunt for bargains

* Shares rise as much as 4.2 pct

(Adds analysts comment; updates shares)

Read more

Britain's FTSE reaches two-week high as Taylor Wimpey surges

* DCC rises after results

(ADVISORY- Reuters plans to replace intra-day European and UK

stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets

for...

Read more

Pakistan shares edge higher; rupee stronger, o/n rates flat

KARACHI, May 17 (Reuters) - Pakistani stocks edged higher in

volatile trade on Tuesday, led by a rise in global oil prices,

dealers said.

Read more

Britain's FTSE reaches 2-week high as Taylor Wimpey surges

LONDON, May 17 (Reuters) - Britain's top equity index rose

to a two-week high on Tuesday, lifted by gains in major mining

stocks while housebuilder Taylor Wimpey also surged after

announcing a...

Read more

Monday, May 16, 2016

Lending Club received subpoena from U.S. Justice Dept after CEO exit

May 16 (Reuters) - Lending Club Corp said on Monday

it received a subpoena from the U.S. Department of Justice last

week following the resignation of Chief Executive Renaud

Laplanche.

Read more

UPDATE 3-Buffett's Berkshire invested $1 billion in Apple

May 16 (Reuters) - Warren Buffett's Berkshire Hathaway Inc

revealed a more than $1 billion stake in Apple Inc

, a rare foray into the technology sector that the

billionaire has largely shunned,...

Read more

Britain's FTSE finishes higher on stronger miners

LONDON, May 16 (Reuters) - Britain's top share index ended

higher on Monday, with a rally in basic resources stocks on the

back of stronger metals prices supporting the broader equities

market.

Read more

Pakistan shares end steady; rupee weaker, o/n rates flat

KARACHI, May 16 (Reuters) - Stocks in Pakistan were nearly

unchanged in thin trade on Monday as the ongoing political

crisis in the Panama Papers leak hurt investor sentiment,

dealers said.

Read more

Aduro's pancreatic cancer drug fails in mid-stage study

May 16 (Reuters) - Aduro Biotech Inc said its

pancreatic cancer drug did not improve overall survival in

patients who did not show improvement after at least two prior

therapies, in a mid-stage study.

Read more

UPDATE 2-Pfizer to buy Anacor in $5.2 bln deal for access to eczema gel

* Equity value of deal is $4.45 bln

(Adds details, background; updates shares)

Read more

Britain's FTSE slips, Brexit worries weigh on British Land Company

LONDON, May 16 (Reuters) - UK shares slipped on Monday as

concerns surrounding Britain's European Union referendum weighed

on British Land Company, though a rise in mining stocks

helped to offset...

Read more

UPDATE 1-Konecranes to buy Terex unit, full merger scrapped

HELSINKI, May 16 (Reuters) - Finnish crane maker Konecranes

is buying Terex Corp's Material Handling &

Port Solutions (MHPS) unit for 1.13 billion euros ($1.27

billion), in a move that cancels a...

Read more

Friday, May 13, 2016

Britain's FTSE gains, though Inmarsat and Coca-Cola HBC fall

* Coca-Cola HBC falls after forex hits revenues

(Updates prices at close)

Read more

Pakistan shares close higher; rupee strengthens, o/n rates fall

KARACHI, May 13 (Reuters) - Pakistan stocks closed higher on

Friday, posting their eight session of gains in nine, in

cautious trade after the country's Supreme Court refused to

probe the Panama...

Read more

Britain's FTSE gains limited by Inmarsat, Coca-Cola HBC

* Coca-Cola HBC falls after forex hits revenues

(Recasts, adds detail and quote, updates prices)

Read more

UPDATE 3-J.C. Penney sales drop adds to department store blues

* Shares fall as much as 13 pct premarket

(Adds U.S. Commerce dept data; updates shares)

Read more

UPDATE 1-Exco Resources evaluating restructuring and other options

May 13 (Reuters) - Oil and gas producer Exco Resources Inc

said on Friday it formed a special committee to evaluate

strategic alternatives, including in-court or out-of-court

restructuring.

Read more

Britain's FTSE set for fourth straight weekly loss

* ITV extends previous session's losses

(Updates prices, adds details and quote)

Read more

Britain's FTSE set for fourth straight weekly loss

LONDON, May 13 (Reuters) - Britain's top share index fell on

Friday and was set for its fourth straight weekly loss, with

Inmarsat the top faller on concerns about the outlook

for satellite stocks.

Read more

CORRECTED-BUZZ-Inmarsat: falls on negative read-through from Eutelsat

** Taken from Fri's low, Inmarsat has lost c.780 mln stg of

its market cap since May 4, day before it cut FY revs guidance,

citing tough trading environment & weakening demand

Read more

Thursday, May 12, 2016

UPDATE 2-Shake Shack results beat estimates, raises forecast

May 12 (Reuters) - Shake Shack Inc, known for its

juicy antibiotic-free hamburgers and frozen custard shakes, on

Thursday reported results that topped expectations and raised

its same-restaurant...

Read more

UPDATE 1-Nordstrom's comparable store sales fall; shares tumble

May 12 (Reuters) - Department store operator Nordstrom Inc

reported a drop in first-quarter sales at established

stores and slashed profit expectations for the year, adding to

the gloom in the...

Read more

FTSE slips on ex-div firms, mining worries

LONDON, May 12 (Reuters) - Britain's top share index fell on

Thursday in choppy trade, pulled lower by declines among mining

companies and major firms trading without the attraction of

their latest...

Read more

UPDATE 1-Hunting sees 30-40 pct fall in full-year revenue on oil slump

May 12 (Reuters) - Oilfield services company Hunting Plc

said it expects revenue for the year to fall between

30-40 percent due to the slump in oil prices.

Read more

UPDATE 2-India's Dr Reddy's sees more challenges in U.S. business

* Working on resolving FDA concerns on plants

(Adds Chief Operating Officer comments from interview)

Read more

UPDATE 2-Finnair urges Finland to prepare for M&A deals after loss

* Government says no plans to trim stake in Finnair

(Adds government comment)

Read more

UPDATE 2-Germany's Bayer considering bid for Monsanto - Bloomberg

May 12 (Reuters) - Germany's Bayer AG is

exploring a bid for U.S. seed company Monsanto Co,

Bloomberg reported, citing people familiar with the matter.

Read more

Pakistan shares close lower; rupee weakens, o/n rates rise

KARACHI, May 12 (Reuters) - Pakistan stocks fell on Thursday

on foreign investor selling and as some investors booked profit

after seven straight sessions of gains, dealers said.

Read more

FTSE led higher as Compass Group, oil companies gain

* Major companies trade ex-dividend

(Recasts, adds detail and quote)

Read more

Germany's Bayer mulling bid for Monsanto - Bloomberg

May 12 (Reuters) - Germany's Bayer AG is

exploring a bid for seed company Monsanto Co, Bloomberg

reported.

Read more

UPDATE 2-DIA sees return to Spanish sales growth next quarter

* Shares jump more than 8 percent

(Recasts on sales forecast, adds analyst call and share price)

Read more

UPDATE 1-Kohl's reports surprise fall in same-store sales

May 12 (Reuters) - Department store operator Kohl's Corp

reported a surprise drop in comparable sales and the

first drop in net sales in six quarters as unseasonably cool

weather hurt sales of...

Read more

SuperGroup co-founder to quit firm

LONDON, May 12 (Reuters) - SuperGroup, the British

company behind the Superdry fashion brand, said on Thursday its

co-founder, brand and design director James Holder, is to quit

the retailer.

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FTSE falls as major firms trade ex-divs, ITV slips after results

LONDON, May 12 (Reuters) - Britain's top share index fell on

Thursday, with companies such as Centrica, Sainsbury's

, GlaxoSmithKline and Morrisons falling

sharply after trading without the...

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UPDATE 1-HK game developer Boyaa says chairman under investigation, stock dives

* Says authorities haven't threatened to freeze company

assets

(Update stock price)

Read more

Dutch offshore engineer Sif gains on first day of trading

AMSTERDAM, May 12 (Reuters) - Shares in Dutch offshore

energy engineer Sif Group rose on their first day of

trading in a sign that investors are attracted to a company that

stands to benefit from...

Read more

Wednesday, May 11, 2016

HK online game developer Boyaa says chairman under investigation

HONG KONG, May 12 (Reuters) - Online game developer Boyaa

Interactive International Ltd said its chairman is

being investigated by judicial authorities in China, although

details of the probe were...

Read more

UPDATE 1-Macy's forecast helps trigger sell-off in U.S. retailers

NEW YORK, May 11 (Reuters) - Investors heavily discounted

U.S. retailers on Wednesday after a series of disappointments in

the sector, including a weak forecast from Macy's Inc.

Read more

Mitsubishi Motors shares untraded, indicated 16 pct higher at daily limit

TOKYO, May 12 (Reuters) - Shares of Mitsubishi Motors Corp

were untraded with a glut of buy orders on Thursday

morning, with the price indicated at the daily limit after the

automaker and Nissan...

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UPDATE 4-Wendy's warns of sales slowdown in 2nd-qtr, shares slump

* Shares fall 7.2 pct

(Adds analyst comment; updates shares)

Read more

Macy's forecast drives sell-off in U.S. retailer shares

NEW YORK, May 11 (Reuters) - Investors heavily discounted

U.S. retailers on Wednesday after a series of disappointments in

the sector, including a weak forecast from Macy's Inc.

Read more

Britain's FTSE outperforms Europe, helped by commodity strength

* Experian falls after update

(ADVISORY - Reuters plans to replace intra-day European and UK

stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets

...

Read more

Pakistan shares little changed; rupee, o/n rates flat

KARACHI, May 11 (Reuters) - Pakistan stocks ended little

changed on Wednesday, amid political uncertainty ahead of the

prime minister's speech in parliament on the Panama Papers leak

that linked his...

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Britain's FTSE outperforms Europe, helped by mining sector strength

* Experian falls after update

(ADVISORY - Reuters plans to replace intra-day European and UK

stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets

...

Read more

Fossil's forecast points to tough times ahead; shares tank

May 11 (Reuters) - Shares of Fossil Group Inc

plunged 32 percent premarket on Wednesday and were set to open

at a 6-1/2-year low after the watch maker slashed its full-year

forecast.

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UPDATE 1-Macy's sales fall as apparel demand, tourist spend stay weak

May 11 (Reuters) - Department store operator Macy's Inc

reported its fifth straight drop in quarterly sales,

missing analysts' estimates, as customers cut back on buying

apparel and a strong dollar...

Read more

Britain's FTSE steady, mining stocks advance

LONDON, May 11 (Reuters) - Britain's leading share index was

steady on Wednesday, with a rebound in the mining sector on the

back of stronger metals prices offsetting weakness in other

stocks...

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BUZZ-Compass: robust US demand boosts shares

** Compass, the world's biggest caterer, hits over

2-week high on stronger Q2, reiterates full-year outlook

Read more

UPDATE 1-Banco Popolare's shares drop after first quarter writedowns

MILAN, May 11 (Reuters) - Shares in Banco Popolare

fell sharply on Wednesday after the Italian bank reported last

night a surprise first quarter loss due to loan writedowns.

Read more

Tuesday, May 10, 2016

UPDATE 1-Treasury says small business needs more online lending protections

NEW YORK, May 10 (Reuters) - The U.S. Treasury Department on

Tuesday called for greater protections for small businesses that

borrow, but stopped short of suggesting other new regulations

for an...

Read more

Solar shares sell off after SolarCity forecast

NEW YORK, May 10 (Reuters) - After their hot rally at the

end of last year, shares of solar energy firms have turned ice

cold as concerns about slower growth and regulatory

uncertainties plague the...

Read more

CORRECTED-UPDATE 3-Nokia stock falls 7 pct after vague long-term profit outlook

HELSINKI/FRANKFURT, May 10 (Reuters) - Nokia's

sales of network traffic equipment fell more than expected in

the first quarter and will decline this year, the Finnish

company said, as buyers hold...

Read more

UPDATE 3-Shipper Golar LNG brings back ex-CEO amid push into power market

* Shares rise as much as 9.4 pct

(Adds analyst comment; updates shares)

Read more

Treasury says small business needs more online lending protections

NEW YORK, May 10 (Reuters) - The U.S. Treasury Department on

Tuesday called for greater protections for small businesses that

borrow, but stopped short of suggesting other new regulations

for an...

Read more

Britain's FTSE 100 lifted by easyJet and Capita gains

* EasyJet boosted by dividend pledge and outlook

(ADVISORY- Reuters plans to replace intra-day European and UK

stock market reports with a Live Markets blog on Eikon - see...

Read more

UPDATE 1-Jewellery maker Pandora lifts profit outlook, shares jump

* Pandora lifts 2016 sales forecast

(Adds CEO comment, analyst and context)

Read more

Stronger Capita and easyJet lift Britain's FTSE 100

LONDON, May 10 (Reuters) - Britain's leading stock index

rose on Tuesday, lifted by gains for shares in budget airline

easyJet and support services group Capita.

Read more

UPDATE 2-Premium brands help cushion weak sales for Hindustan Unilever

* Exploring price increases as raw material costs go up -

CFO

(Recasts; adds CFO quote and share move)

Read more

UPDATE 2-Credit Suisse sees tough markets ahead after loss

* CEO Thiam warns subdued markets likely to persist

(Adds detail, background, shares)

Read more

BUZZ-Capita: top FTSE gainer on reassuring update

** British outsourcing group Capita +c.4%, top of

FTSE 100 index & on track for its best day in over a yr

Read more

Monday, May 9, 2016

UPDATE 1-NewLink's pancreatic cancer therapy fails late-stage study

May 9 (Reuters) - NewLink Genetics Corp said on

Monday its experimental pancreatic cancer immunotherapy did not

meet the main goal in a late-stage study, sending its shares

tumbling 36 percent in...

Read more

UPDATE 1-Weak demand for Banana Republic, Old Navy weighs on Gap's results

May 9 (Reuters) - Apparel retailer Gap Inc reported

lower-than-expected quarterly sales at established stores, hurt

by weak demand for its Banana Republic and Old Navy brands.

Read more

Apparel retailer Gap's quarterly sales fall 6 percent

May 9 (Reuters) - Apparel retailer Gap Inc reported

a 6 percent fall in quarterly sales, hurt by weak demand for its

Banana Republic and Old Navy brands.

Read more

UPDATE 3-Redstone competence trial ends as judge tosses lawsuit

LOS ANGELES, May 9 (Reuters) - A trial over Sumner

Redstone's mental competence abruptly ended on Monday when a

California judge threw out a lawsuit brought by the

92-year-old's former girlfriend,...

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Britain's FTSE ends lower as mining stocks slump

LONDON, May 9 (Reuters) - Britain's top share index closed

lower on Monday, extending its biggest weekly drop since

February, as a slump in mining stocks outweighed a rally in

travel and leisure...

Read more

UPDATE 2-Healthcare REIT HCP to spin off troubled HCR ManorCare unit

* HCP shares rise as much as 6.8 pct

(Adds details, background)

Read more

UPDATE 2-Lending Club CEO resigns after internal probe, shares plummet

May 9 (Reuters) - Online lending platform Lending Club Corp

said CEO Renaud Laplanche had resigned after an internal

probe found that $22 million of near-prime loans were sold to an

investor on...

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UPDATE 2-Tyson Foods beefs up profit forecast on strong cattle supply

* Shares touch record high of $70.44

(Adds detail from conf call, updates shares)

Read more

Saturday, May 7, 2016

Pakistan shares edged up; rupee stronger, o/n overnight rates fall

KARACHI, May 6 (Reuters) - Pakistan shares closed marginally

higher on Friday, paring early gains as investors chose to book

profits after the stock index hit its highest level in nearly

nine months.

Read more

Weaker commodities stocks push FTSE to 8-week low

LONDON, May 6 (Reuters) - Britain's top share index dropped

to an eight-week low on Friday, with satellite firm Inmarsat

slipping on a raft of broker downgrades and

commodities-related stocks...

Read more

Thursday, May 5, 2016

Britain's FTSE steadies near 1-month low; Centrica slumps

LONDON, May 5 (Reuters) - Britain's top share index steadied

near a one-month low on Thursday, as gains in companies like BT

and RSA offset declines by companies such as

Centrica and Inmarsat after...

Read more

FTSE steadies near one-month low; Centrica slumps

LONDON, May 5 (Reuters) - Britain's top share index steadied

near a one-month low on Thursday, as gains in companies like BT

and RSA offset declines by companies such as

Centrica and Inmarsat after...

Read more

UPDATE 1-Finmeccanica lifts orders, cash guidance on Eurofighter deal

MILAN, May 5 (Reuters) - Italian aerospace and defence group

Finmeccanica raised its 2016 forecasts for orders and cash flow

on Thursday, helped by a multi-billion-euro Eurofighter

contract, but its...

Read more

RPT-UPDATE 2-Merck sales disappoint as Januvia, Remicade fall short

May 5 (Reuters) - Merck & Co Inc on Thursday

reported lower-than-expected quarterly revenue, hurt by

disappointing sales of its Januvia diabetes treatment and

Remicade arthritis drug.

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Pakistan shares end higher; rupee stronger, o/n overnight rates rise

KARACHI, May 5 (Reuters) - Pakistan stocks rose for a third

straight session on Thursday to hit their highest level in

nearly nine months, on continued hopes that the country would

soon be upgraded...

Read more

EDP sees sound medium-term profit rise, stocks jump

LISBON, May 5 (Reuters) - EDP-Energias de Portugal

expects its net profit to grow by 4 percent a year through 2020

thanks to capacity additions at its wind energy division and a

gentle market...

Read more

Flurry of strong earnings boosts Britain's FTSE

LONDON, May 5 (Reuters) - Britain's top share index rose on

Thursday as investors favoured telecom firm BT, insurer

RSA and grocer WM Morrison after strong results.

Read more

BUZZ-Centrica: bottom of Stoxx on equity issuance

** Utility group Centrica -c.7%, top loser on Stoxx

600 & on track for worst day in >1 yr on surprise

equity issuance

Read more

Wednesday, May 4, 2016

Pakistan shares end higher; rupee stronger, o/n overnight rates fall

KARACHI, May 4 (Reuters) - Pakistan stocks rose for a second

straight session on Wednesday to hit their highest level in

eight-and-a-half months, on expectations the country's stock

market would soon...

Read more

UPDATE 1-Lower costs, demand for sauces drive Kraft Heinz profit beat

May 4 (Reuters) - Kraft Heinz Co, the maker of Kraft

cheese, Heinz ketchup and Jell-O, reported a

better-than-expected quarterly profit as demand for its

condiments and sauces rose and costs fell.

Read more

BUZZ-IPF: top midcap loser on persisting Poland worries

** International Personal Finance -c.10% & top FTSE

midcap loser after consumer credit lender fails to

satisfy concerns about its trading in Poland, part of its

biggest market

Read more

UPDATE 1-Aeropostale files for Chapter 11 bankruptcy protection

May 4 (Reuters) - Struggling teen apparel retailer

Aeropostale Inc filed for Chapter 11 bankruptcy

protection on Wednesday, succumbing to years of losses as

shoppers thronged fast fashion retailers...

Read more

UPDATE 1-Maersk shipping business returns to profit

COPENHAGEN, May 4 (Reuters) - A.P. Moller-Maersk

returned to profit at its main container shipping

business in the first quarter, helped by cost cutting and a pick

up in volumes, it said on...

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Tuesday, May 3, 2016

UPDATE 1-Canadian Western Bank sets aside more money for loan losses

May 3 (Reuters) - Canadian Western Bank's shares

fell as much as 12 percent after the lender said it set aside

more money to cover bad loans to oil companies.

Read more

Britain's FTSE falls as mining stocks and HSBC lose ground

* FTSE 100 some 13 pct below April 2015 record high

(ADVISORY- Reuters plans to replace intra-day European and UK

stock market reports with a Live Markets blog on Eikon - see...

Read more

Pakistan shares end higher; rupee stable, o/n rate up

KARACHI, May 3 (Reuters) - Pakistani stocks ended higher on

Tuesday led by banks and on gains in shares of Oil and Gas

Development Co Ltd, dealers said.

Read more

UPDATE 1-Nigerian stocks hit 5-week high on MSCI index news

LAGOS, May 3 (Reuters) - Nigerian stocks climbed to a

five-week high on Tuesday after index provider MSCI said it

would not change the status of Nigerian securities on its

frontier index.

Read more

Britain's FTSE falls as mining stocks and HSBC lose ground

LONDON, May 3 (Reuters) - Britain's top shares index fell on

Tuesday, weighed down by weaker mining stocks and data showing

an unexpected fall in manufacturing output.

Read more

BUZZ-Aberdeen: warns more EM pain to come after weak H1

** EM-focused Aberdeen Asset Management -7%, top

FTSE midcap loser & on track for worst fall in over 3

mnths

Read more

BUZZ-RSA Insurance: hits 7-month high on Barclays upgrade

** Insurer RSA Insurance's shares rises as much as

6.2% to its highest since Sept 2015; second-largest FTSE 100

gainer

Read more

BUZZ-Regus: strong start to year lifts shares

** Regus +2.5% & top gainer on the FTSE 350 support

services index after office space supplier reports

strong start to the year

Read more

Monday, May 2, 2016

Pakistan shares end lower; rupee gains, o/n rates fall

KARACHI, May 2 (Reuters) - Pakistani stocks ended lower on

Monday with oil shares falling as global oil prices eased

slightly and on profit-booking in banks, dealers said.

Read more