London's FTSE 100 index underperformed its European peers on Tuesday as investors cut exposure on the back of inflation data from the UK and US. Inflation in the UK fell to zero while in the US, it moved out of the negative zone back into zero. With inflation in both countries at the same rate, defl
Read morePrimark owner Associated British Foods tripped lower after Swiss bank Credit Suisse lowered its earnings forecasts for the company citing euro weakness. "AB Foods doesn't usually feature in our regular FX updates on the sector, but given the severity of the euro's demise it should. For ABF the impac
Read moreThe UK's FTSE 100 held onto Tuesday's gains as it traded in a narrow range as market participants were being pushed and pulled by a number of conflicting matters that are currently permeating through the market. On the one hand, China's slowing manufacturing sector, as evident from overnight data, s
Read more(Adds detail) LONDON, March 24 (Reuters) - Kingfisher's 275 million euro ($302 million) takeover of France's Mr Bricolage has been thrown into doubt, after the British DIY firm said the majority of the board and the largest shareholder of the target company had reservations. Kingfish
Read moreLondon's benchmark FTSE 100 index kicked off Tuesday's session by posting mild gains following a late recovery in Asian markets overnight and better-than-expected Eurozone data. At 09:06 GMT, the UK index of 100 leading blue-chip stocks rose 0.3% or 20 points to trade at 7046. China's worse-than-ex
Read moreRetail group Kingfisher's long-running takeover talks with Mr Bricolage have stumbled on a major hurdle as the French company's board and major shareholders have admitted getting cold feet on the deal. Shares of Mr Bricolage have been suspended on the French stock exchange at the company's request.
Read moreLONDON, March 24 (Reuters) - Kingfisher's 275 million euro ($302 million) takeover of do-it-yourself retailer Mr Bricolage was thrown into doubt on Tuesday, after it emerged board members and a major shareholder of its smaller French rival had reservations about the deal. Kingfisher, Europe
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