Europe News

Geoff Wilkinson from Mint Equities takes a technical look at the Shenzhen Composite Index, European basic recources and WTI crude futures.

The Thanksgiving holiday will give investors a chance to take stock and consider the state of the markets, David Yarrow from Clareville Capital told CNBC Wednesday. Maurice Pomery from Strategic Alpha joined the discussion.

English soccer fans planning to make the trip to South Africa for the 2010 World Cup, “have to make their travel plans early,” Gary Mabbutt, ambassador for 2010 South Africa World Cup told CNBC Wednesday. This isn’t like the last World Cup in Germany “whereby at the last minute you could jump in a minibus in the morning of a game go across to Germany and then come back the night after,” he said, adding that “it’s a long-haul flight.”

Shares of Sportingbet gained Wednesday after the group provided a confident outlook for the full year. "It does prove that gambling is relatively resilient (during a recession)," James Hollins from Daniel Stewart told CNBC.

The UK economy shrank by 0.3% in the third quarter, data revealed Wednesday after a slight upward revision from the flash estimates. George Magnus from UBS considers the outlook for the UK economy.

UK soft drink maker Britvic posted a sparking set of full-year results Wednesday, beating expectations with a 23% rise in profit. "We had a very strong 2009," CEO Paul Moody said. "We see that momentum roll into the new year …The soft drinks market, both fizzy and still, is showing growth," he added.