|Bid||53.50 x 0|
|Ask||54.60 x 0|
|Day's range||48.25 - 55.70|
|52-week range||41.45 - 104.00|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||11 Mar 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||141.67|
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. European bourses closed the day in positive territory as they got a boost from the news that China's central bank is cutting the amount of cash that all banks must hold as reserves, releasing around 800 billion yuan ($114.91 billion) in funds to revive the economy. The pan-European index was up 1% and the euro-zone blue chip index was up 1.37% at the end of the session, led by banks up 2%.
DAX +0.4% * Tug of war between UK exporters and domestic stocks as last-ditch Brexit talks continue * Roche gains, ASML down after results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Reach her on Messenger to share your thoughts on market moves: rm://email@example.com BREXIT: POUND AND STOCKS BOUNCING UP AND DOWN! (1316 GMT) These are complicated moments in the life of financial journalists: prices move so fast that by the time a story has been updated, prices have reversed, making said story irrelevant. Needless to say, European stocks played the same dance and yoyoed away.
* European stocks retreat after hitting one-year highs on Tuesday * STOXX 600 -0.3%, FTSE 100 -0.3%, FTSE 250 -0.8% * Tug of war between UK exporters and domestic stocks as last-ditch Brexit talks continue * Roche gains, ASML down after results Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Reach her on Messenger to share your thoughts on market moves: rm://firstname.lastname@example.org TRICK OR TREAT: HOW TO PLAY BREXIT? Within domestics, Liberum recommends buying companies with more than 50% exposure to the UK, trades at a significant discount to the last five years and has EPS growth expectations of over 5%.
Embattled fund manager Neil Woodford is set to sell his entire stake in British intellectual property company IP Group in an accelerated book build, the bookrunner said on Tuesday. Woodford's flagship equity income fund was suspended in June after a rash of redemptions to give him time to sell less liquid assets and position to pay back any investors who seek to leave when it reopens, expected in December. Currently the second-biggest investor in IP Group with a 13.4% stake, Refinitiv data showed, Woodford plans to sell the 142 million shares to institutional investors, bookrunner Bank of America Merrill Lynch said.
** Fiat Chrysler's merger offer for Renault, which was abandoned in June, was no longer on the table and looked unlikely to be revived for now, the French carmaker's Chairman Jean-Dominique Senard said. ** Bain Capital and Advent are in advanced talks about making a new takeover bid for German lighting group Osram , sources familiar with the matter told Reuters. ** The Federal Communications Commission said Sprint Corp received tens of millions of dollars in monthly government subsidies for 885,000 low-income subscribers that were not using the service and said its Enforcement Bureau is investigating.
Neil Woodford has sold 97 million pounds ($123 million) of shares over the past 10 days to boost liquidity in his suspended equity income fund, a Woodford spokesman said on Thursday. Market participants have been expecting a wave of forced selling by Woodford, with some hedge funds taking out short positions against his investments. "Since suspension, Woodford has sold 97.1 million pounds of stock as he continues to reposition the Woodford Equity Income Fund portfolio," a Woodford spokesman said by email.