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German shares up afternoon as BofA numbers help relieve banking sector jitters ...
21 Jul 2008 source: iii.co.uk

FRANKFURT (Thomson Financial) - German shares were higher in relatively calm afternoon trade buoyed by a stronger start to trade across the Atlantic on Monday and helped by better-than-expected quarterly figures from U.S. banking giant Bank of America Corp. At 3.31 p.m., the DAX was up 84.14 points, or 1.32 percent, at 6,466.79, having traded between 6,342.82 and 6,484.29. The MDAX shot up 121.9 ...


UPDATE 1-TomTom Q2 profit jumps as consumer demand holds
21 Jul 2008 source: iii.co.uk

AMSTERDAM, July 21 (Reuters) - Dutch navigation devices maker TomTom beat analysts' expectations with a rebound of sales and operating profit on Monday after a first-quarter slump and said consumer demand for its products had held up. Europe's largest maker of GPS sets said it sold 3.1 million units in the second quarter for sales of 453 million euros ($720 million). It had been expected to post  ...


German shares slightly higher midday as market consolidates after Friday's gains ...
21 Jul 2008 source: iii.co.uk

FRANKFURT (Thomson Financial) - Shares were higher in relatively calm in midday trade as dealers said the market was consolidating after strong gains at the end of last week and as investors were adapting a wait-and-see stance ahead of a key earnings week in the U.S. At 1.01 p.m., the DAX was up 60.01 points, or 0.94 percent, at 6,442.66, having traded between 6,342.82 and 6,445.86. The MDAX sho ...


Euroshares turn higher midday as Dow set for gains; banks boosted by BoA Q2 figs ...
21 Jul 2008 source: iii.co.uk

LONDON (Thomson Financial) - Europe's largest shares turned higher in midday deals as the Dow looks set for more gains and as banking stocks rallied. At 12.17 p.m., the DJ STOXX 50 was up 33.32 points, or 1.17 percent, at 2869.49 and the DJ STOXX 600 was up 2.88 points, or 1.03 percent, at 283.57. Spread bettors IG Index said the Dow looks set to climb another 88 points in opening deals, boosted ...


Australian shares close up more than 3 pct, biggest rise in four months - UPDATE ...
21 Jul 2008 source: iii.co.uk

SYDNEY (Thomson Financial) - Australian shares closed with more than a 3 percent gain on Monday, staging the biggest one day rise in four months, with financial stocks making strong gains as concerns about the state of credit markets eased. "We're not yet in a rally but it's looking better everyday," said Michael Heffernan, a private client advisor at Sydney stock broking firm, Reynolds ...


Australian shares rise more than 3 pct, led by financials
21 Jul 2008 source: iii.co.uk

SYDNEY (Thomson Financial) - Australian shares were trading more than 3 percent higher early afternoon on Monday, one of the biggest one-day rises in about four months, as a smaller-than-expected quarterly loss at top U.S. bank Citigroup Inc eased credit market concerns and lifted financial firms such as Macquarie Group. A rise in oil prices toward A$130 a barrel in Asian trading also drove resou ...


Spain mulls changing airline routes to offset fuel costs
20 Jul 2008 source: iii.co.uk

MADRID (Thomson Financial) - Spain is considering changing commercial airline routes to make them shorter and more direct in order to offset high fuel prices, Public Works minister Magdalena Alvarez said Saturday. Alvarez said she would ask the defence ministry to alter airspace currently reserved for military use in order to make this possible. "If the problem is the rise in fuel prices, t ...


Telecom Italia shareholder pushing Telefonica to bid for co - report ...
20 Jul 2008 source: iii.co.uk

MILAN (Thomson Financial) - Marco Fossati, head of the Findim company that owns 4.5 percent of Telecom Italia SpA, is trying to convince Telefonica SA to bid for the telecommunications operator as its share price slides, the daily La Repubblica said, without giving a source. Telecom Italia's ordinary share closed flat at 1.243 euros on Friday, but the stock has lost about 42 percent since the beg ...


Will A&L savers be happy with Abbey?
20 Jul 2008 source: thisismoney.co.uk

Jo Thornhill, Financial Mail20 July 2008 In the latest twist to the storm buffeting banks and building societies, Alliance & Leicester is likely to fall prey to Abbey. So where does that leave A&L's 450,000 mortgage borrowers? And will its millions of savers benefit? ON THE MOVE: Alexandra and Paul Mason plan to shop around when their loan with Alliance & Leicester ends WANT TO KNOW MORE? A&L's arm twisted over takeover Santander confirms £1.26bn A&L b ...


£450m investment as coal demand rises
20 Jul 2008 source: thisismoney.co.uk

Financial Mail20 July 2008, 10:52am Soaring coal prices have kickstarted a massive £450m investment programme as Britain's biggest coal producer starts to reopen mothballed pits to meet growing demand. WANT TO KNOW MORE? Mittal lights up Coal of Africa Coal firm defy market conditions and float OTHER STORIES A&L's arm twisted by regulator over takeover Market report: Frida ...


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