Reuters: Stocks & Shares News
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05/15/2008 10:37 AMCostly living could kill Europe's consumer revival PARIS (Reuters) - After a few years of brisk growth and job creation, Europeans were supposed to feel more secure and start to spend more, reviving consumer demand in the region and reducing its economic dependence on exports.
05/15/2008 01:59 PMThreadneedle says get used to $100 oil LONDON (Reuters) - Investors should get used to the idea of living with oil above $100 a barrel and shift some of their asset allocations accordingly, fund firm Threadneedle said on Thursday.
05/16/2008 07:01 AMNewspaper round-up (Reuters) - BT, ITV and 3i feature in our round-up of Friday's business press.
05/15/2008 01:19 PMUK shares among worst performers in Europe LONDON (Reuters) - Britain's stock market has been one of the worst performing in the European Union over the past five years, rising by less than half of the overall average, data shows.
05/14/2008 02:40 PMMarkets braced for credit turmoil aftershock LONDON (Reuters) - After six weeks of calm, global financial markets are bracing for one more aftershock from the 9-month old credit crunch.
05/14/2008 08:32 AMCOLUMN-Europe sails into its own credit crunch LONDON (Reuters) - Europe is next in line to feel the impact from tighter credit, a tough situation for an economy heavily dependent on bank financing.
05/14/2008 08:42 AMPensions fall short on life expectancy LONDON (Reuters) - Some of Britain's top companies have increased pension scheme life expectancy assumptions, adding billion of pounds to their liabilities, but remain way off regulatory guidelines, pension consultancy Mercer said.
05/14/2008 09:10 AMAlliance & Leicester may cut dividend by 30 percent (Reuters) - Collins Stewart forecast a 30 percent dividend cut at Alliance & Leicester for 2008 and 2009, and said earnings will likely be materially weaker than was previously estimated for the bank due to a 10 percent fall in the mortgage book and a more than 60 percent fall in gross lending.
05/14/2008 01:41 PMBanks likely to take another round of writedowns (Reuters) - UK banks will likely take another round of writedowns on structured credits, that have until now plagued U.S. securities, as negative equity begins to spread in the housing and mortgage markets, Panmure Gordon & Co said.
05/13/2008 10:03 AMHouse price declines set to continue (Reuters) - House prices are set to fall further, putting pressure on the banks to increase their balance sheet provisions due to higher mortgage and unsecured impairments, as well as higher capital needs, Credit Suisse said.
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