Shares News

FRANKFURT, Sept 29 (Reuters) - European shares slumped to a three-and-a-half year closing low on Monday, with banks weighing heavily, as the fallout from the credit crisis escalated on both sides of the Atlantic. Financials were battered by news of the part nationalisation of two major European banks and the sale in the United States of Wachovia Corp's bank operations to Citigroup, in addition to ...

LONDON, Sept 29 (Reuters) - WPP: AS AT 1330 GMT ON SEPTEMBER 29, VALID ACCEPTANCES OF THE OFFER FOR TAYLOR NELSON SOFRES HAD BEEN RECEIVED IN RESPECT OF A TOTAL OF 178,945,742 TNS SHARES, REPRESENTING 42.87 PERCENT OF THE EXISTING ISSUED SHARE CAPITAL OF TNS. THE OFFER REMAINS OPEN FOR ACCEPTANCE UNTIL 1400 GMT ON OCTOBER 3. ((London Equities Newsroom; +44 20 7542 7717)) tf.TFN-Europe_newsdes ...

(AFX UK Focus) 2008-09-29 18:09 US STOCKS-Bank fears slam Wall Street as bailout vote nears

LONDON, Sept 29 (Reuters) - Britain's top share index plummeted on Monday to a three-year closing low, part of a global equities slide triggered by tottering banks and ahead of a vote by U.S. lawmakers on a $700 billion rescue plan. The FTSE 100 index ended down 269.7 points, or 5.3 percent, at 4,818.8, after losing 2.1 percent on Friday. The blue-chip index has fallen 12 percent in September, on ...

MOSCOW, Sept 29 (Reuters) - UBS has urged the Russian government to stop supporting its oil refining sector, which the bank said effectively reduces the value of Russian oil exports. In a research note called Paradigm Shift is Needed, UBS said that the current taxation in the oil industry, which favours oil refining against production, is one of the reasons of the recent decline in Russian oil ou ...

VILNIUS, Sept 29 (Reuters) - The head of Lithuania's central bank said on Monday that none of the country's banks are at risk of bankruptcy, as its stock market fell sharply on a report that one unnamed institution might need bailing out. "I don't see any bank that could face bankruptcy in the near future," Central bank Governor Reinoldijus Sarkinas told a parliamentary hearing. He sai ...

FRANKFURT, Sept 29 (Reuters) - European shares dropped to a three-and-a-half year closing low on Monday, with banks weighing on the benchmark index amid persistent worries about the health of the financial industry on both sides of the Atlantic. The FTSEurofirst 300 index of leading European shares ended unofficially down 4.95 percent at 1,050.12 points -- its lowest closing level since Jan.  ...

(updating with full report) MILAN (Thomson Financial) - Share prices closed sharply lower, depressed by worries of further problems for the bank sector after the partial nationalisation of Fortis and other bank rescues during the weekend, brokers said. The Mibtel index was down 4.74 percent to 19,622 points and the S&P/Mib lost 4.98 percent to 25,803. Volume traded was an estimated 4.592 bi ...

NEW YORK, Sept 29 (Reuters) - The euro and British pound tumbled against the dollar on Monday as bank nationalizations in Europe forced investors to calculate their risk exposure from financial instability that has now moved far beyond the United States. A crisis in European banking threatened to overshadow the proposed $700 billion U.S. bank bailout deal that looked set for a vote in the House o ...

LONDON, Sept 29 (Reuters) - European government bonds surged on Monday, pushing the two-year yield to a five-month low, as a string of European bank bailouts and the imminent passage of a U.S. banking sector rescue plan underlined the difficulties facing the sector and boosted demand for safe-haven bonds. Bund futures racked up their biggest one-day gain since 1996, capitalising on losses of near ...