Tag Archives: shares

European shares hover near 2-month lows as energy stocks fall

* FTSEurofirst 300 down around three pct this week

* Weak oil prices place stress on energy shares

* Bearish broker comments hit Dialog shares

By Sudip Kar-Gupta

LONDON, Dec 11 European shares fell on Friday as weak commodity rates put stress on markets prior to a extensively anticipated rise in U.S. interest prices subsequent week.

The pan-European FTSEurofirst 300 index fell .five percent to hover near two-month lows, although the euro zone’s blue-chip Euro STOXX 50 index also declined by a comparable amount.

The FTSEurofirst is down by practically three % so far this week and also down 6 percent since the start off of December, soon after the European Central Bank disappointed some investors with only restricted new economic stimulus measures this month.

Weak commodity rates have also weighed on markets this month.

The STOXX Europe 600 Oil & Gas Index fell 1.1 %, with crude oil costs remaining at levels not noticed since early 2009 as output in the Middle East continued to rise in spite of an already massive worldwide glut.

“These growing fears over elements such as an excessive oversupply in the markets and the visible reduction in demand for oil have regularly haunted investor sentiment, consequently affecting any remaining attraction towards oil,” mentioned FXTM analyst Lukman Otunuga.

French advertising group Publicis underperformed, falling .six percent following losing a U.S. marketing account with L’Oreal to rival WPP, whose shares rose .9 %.

Shares in companies exposed to South Africa, such as British financial groups Old Mutual and Investec, also dropped as South African economic stocks slumped in the wake of the sacking of the country’s finance minister.

Dialog Semiconductor’s shares also fell by about 10 %, with traders citing adverse comments on the outlook for the company from Bankhaus Lampe.

In spite of the pullback on markets this month, the FTSEurofirst 300 index remains up by around four percent since the start of 2015, helped in portion by the ECB’s policies which have supported a recovery in the euro zone economy.

Today’s European study round-up

(Editing by Toby Chopra)

Short-Rebosis to submit resolution for putting 100 mln shares

* Resolved to submit to shareholders for consideration an ordinary resolution putting 100 million shares of authorised and unissued ordinary share capital of co

* Putting in order to fund, in entire or in element, various acquisitions which includes those currently made public by Rebosis Supply text for Eikon: Additional company coverage:

European shares weaken as Bayer and commodity stocks fall

* Bayer falls on scrutiny of Xarelto drug

* DuPont/Dow Chemical merger talks lift Syngenta and BASF

By Sudip Kar-Gupta

LONDON, Dec 9 European shares fell on Wednesday to their lowest level in far more than two months, weighed down by a drop at pharmaceuticals group Bayer and far more pressure on commodity stocks.

The pan-European FTSEurofirst 300 index fell .3 % to its lowest level considering that late October, although the euro zone’s blue-chip Euro STOXX 50 index also slipped by .two percent.

Bayer shares fell by three.four percent as European and U.S. drug safety agencies probed whether or not a defective blood-clotting test device impacted a trial involving Bayer’s anti-blood clotting drug Xarelto.

Oil rates climbed back up on Wednesday as U.S. crude inventories dipped, whilst Japan posted rising machinery orders and copper costs also held their ground.

Nonetheless, a lot of investors were cautious, citing persistent concerns about a slowdown in China and uncertainty more than the impact of a most likely U.S. interest rate hike in December.

China is the world’s most significant consumer of metals, and fears about a slowdown in the country have knocked back commodity stocks this year.

Data on Wednesday showed that China’s customer inflation picked up slightly in November but remained well beneath the government’s 2015 price target of 3 percent, raising concerns that the world’s second-largest economy could be sucked into a Japan-style deflationary trap.

“I am taking a much more defensive attitude now, and I have reduce equities to neutral from overweight,” mentioned Francois Savary, chief investment officer at investment management firm Prime Partners.

Ashtead was the very best-performing stock on the European STOXX 600 index, climbing eight.2 % following the industrial equipment employ group raised its profit expectations.

Syngenta and BASF shares also rose on the back of merger talks between rivals Dow Chemical and DuPont.

In spite of the pullback so far this week, European stock markets remain in positive territory because the start off of 2015, helped by financial stimulus measures from the European Central Bank (ECB).

The FTSEurofirst is up around five % since the begin of 2015, although Germany’s DAX is up practically 10 %.

Today’s European investigation round-up (Editing by Estelle Shirbon)

Australia, NZ shares observed to extend losses on weak oil

Industries | Tue Dec 8, 2015 4:22pm EST

SYDNEY, Dec 9 Australian shares are most likely to extend losses on Wednesday, hauled down by weak oil prices and concerns about international financial development. Neighborhood share price index futures fell .five percent to 5,081., a 27.6-point discount to the underlying S&P/ASX 200 index close on Tuesday. The benchmark dropped .9 % in the last session. Investors are awaiting an unscheduled marketplace briefing by solutions firm Spotless Group. Its share price plumbed record lows this week following a profit warning. New Zealand's benchmark NZX 50 index was a touch lower in early trade, having eased .five percent on Tuesday. For a summary of overnight action across worldwide markets, double click on For a digest of the day's enterprise stories in Australian newspapers, double click on (Reporting by Cecile Lefort)

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Short-Rebosis says intends to re-list Ascension Properties’ B shares

* Intended, more than time, to accomplish a sufficient shareholder spread in Ascension’s B shares in order to re-list B shares on JSE

* over time Ascension will propose to acquire from Rebosis industrial office buildings that fit within Ascension’s strategy Source text for Eikon: Additional firm coverage:

Australian shares set for good begin right after Wall St rally

SYDNEY, Dec 7 Australian shares are poised for a rebound on Monday with sentiment enhancing following upbeat U.S. payrolls information sparked a solid rally on Wall Street. Pointing to a firm start, share cost index futures rose .six % to 5,186., a 34.4-point premium to the underlying S&P/ASX 200 index close. The benchmark fell 1.5 percent on Friday and was down .98 percent final week. Energy stocks, however, are unlikely to appreciate significantly relief soon after OPEC members failed to agree on a production ceiling, which means supply could continue to depress oil rates. New Zealand's benchmark NZX 50 index was a tad greater in early trade at six,096.37. For a summary of overnight action across worldwide markets, double click on For a digest of the day's company stories in Australian newspapers, double click on (Reporting by Ian Chua Editing by Kevin Liffey)

Qatar Very first Bank to list shares in 2016, launches private banking

DOHA Dec 6 Qatar First Bank (QFB) plans to list its shares on the Qatar exchange as early as the 1st quarter of 2016, the chairman of the sharia-compliant monetary institution mentioned on Sunday.

“We hope by the end of the 1st quarter of subsequent year that we will be ready to list. Things are on the right track,” Abdulla al-Marri told journalists at a press conference in Doha.

The firm has extended been linked with a flotation, in what would be only the second new listing in Qatar since 2010, though QFB would only place its shares onto the bourse to trade and would raise no new income from the event.

Traditionally focused on wealth and asset management and private equity, targeting investments in power, genuine estate and financial solutions across the Middle East and Africa, QFB was also launching a private banking service, it stated on Sunday.

The move was not related to issues in its private equity operate or financial downturn in the Gulf Arab state, according to the bank’s chief executive.

“We are supplying private banking as a service as of right now. We are not shifting away from private equity, we are constructing on it,” stated Ziad Makkawi, the veteran banker who was appointed to the function in July.

Makkawi described the banking environment in the Gulf as “challenging” and said that investors had been behaving cautiously at a time of low oil rates and a liquidity crunch.

“The investment climate is not going to be as hot or as bullish as when oil prices had been at one hundred dollars a barrel. Men and women are searching for a bit far more certainty and are staying away from speculative sorts of investments,” he stated. (Reporting by Tom Finn Editing by Mark Potter)

Australia & NZ shares join international retreat on ECB disappointment

(Updates to close)

SYDNEY Dec four Australian and New Zealand shares ended decrease on Friday in line with a selloff in worldwide markets right after the European Central Bank failed to impress with its latest round of policy easing.

The S&P/ASX 200 index closed 76.12 points, or 1.five percent, reduce at five,151.60. On the week, it was down 1 percent, posting a second week of losses.

New Zealand’s benchmark S&P/NZX 50 index shed 30.85 points, or .50 percent, to six,094.82. It eased .10 percent on the week. (Reporting by Ian Chua Editing by Shri Navaratnam)

Australia shares set for rocky commence as ECB underwhelms

SYDNEY, Dec four Australian shares appear set for a rough ride on Friday following policy easing by the European Central Bank disappointed investors' higher expectations, while a hike in U.S. interest rates seemed ever more likely this month. Stock markets across Europe and in the United States all fell sharply on Thursday. Oil costs managed a rare bounce but most other commodities stayed below stress. Pointing to a poor commence, share cost index futures slid 1.five percent to 5,155., a hefty discount to the underlying S&P/ASX 200 index of five,2227. The benchmark eased .six % on Thursday. New Zealand's benchmark NZX 50 index fell .4 percent in early trade. For a summary of overnight action across worldwide markets, double click on For a digest of the day's organization stories in Australian newspapers, double click on (Reporting by Wayne Cole)

Short-Super Group says problems 10 mln new shares

* Super Group announces accelerated bookbuild supplying of up to 10 million new shares

* Proceeds of bookbuild will be utilised to maintain co’s target capital structure post acquisition concluded by Super Group’s unit, SG Fleet, of NLC Proprietary Ltd

* Investec Bank Limited is acting as sole bookrunner Supply text for Eikon: Additional business coverage: