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Europe News London

  • *Minutes of Fed's last meeting due 1900 GMT. LONDON, Feb 22- Nervous investors looked for new signals on whether U.S. interest rates would rise in March and on U.S. "We see the risks as pretty binary in the gold market," Carsten Menke, commodities research analyst at Julius Baer in Switzerland, said.

  • LONDON, Feb 22- Anglo-Dutch consumer goods group Unilever said it was reviewing its options to drive shareholder value, just days after it swiftly rejected a surprise $143 billion takeover bid from Kraft Heinz. Kraft, which is backed by Warren Buffett and the private equity firm 3 G, had wanted to buy Unilever as part of its strategy of buying competitors and...

  • *UK economy expands 0.7 pct in Q4, fastest growth in a year. LONDON, Feb 22- Britain's economy sped up at the end of 2016, data showed, but over the whole year it was weaker than previously thought and there were signs that the Brexit vote will increasingly act as a brake on growth in 2017.. The pound fell after Wednesday's Office for National Statistics figures, which no...

  • PARIS, Feb 22- AccorHotels, Europe's largest hotelier, posted a record operating profit for 2016, which beat expectations, as restructuring efforts paid off and robust demand in Germany and Britain offset weakness in France. Having recruited former French President Nicolas Sarkozy to head its international strategy, AccorHotels said it was moving along...

  • LONDON/ BOSTON, Feb 21- Stock market optimism about U.S. The level of shorts- a bet that a stock will fall- taken out against the Dow Jones Industrial Average jumped 13 percent in the 30 days to Feb. 20, while shorts against Europe's STOXX 600 rose 18 percent over the same period, data from FIS' Astec Analytics showed. But hedge fund managers like Seth Klarman, who has been...

  • LONDON/ BOSTON, Feb 21- Stock market optimism about U.S. The level of shorts- a bet that a stock will fall- taken out against the Dow Jones Industrial Average jumped 13 percent in the 30 days to Feb. 20, while shorts against Europe's STOXX 600 rose 18 percent over the same period, data from FIS' Astec Analytics showed. But hedge fund managers like Seth Klarman, who has been...

  • LONDON/ BOSTON, Feb 21- Stock market optimism about U.S. The level of shorts- a bet that a stock will fall- taken out against the Dow Jones Industrial Average jumped 13 percent in the 30 days to Feb. 20, while shorts against Europe's STOXX 600 rose 18 percent over the same period, data from FIS' Astec Analytics showed. But hedge fund managers like Seth Klarman, who has been...

  • LONDON/ BOSTON, Feb 21- Stock market optimism about U.S. The level of shorts- a bet that a stock will fall- taken out against the Dow Jones Industrial Average jumped 13 percent in the 30 days to Feb. 20, while shorts against Europe's STOXX 600 rose 18 percent over the same period, data from FIS' Astec Analytics showed. But hedge fund managers like Seth Klarman, who has been...

  • LONDON, Feb 22- Britain's business minister said on Wednesday he will set out proposals over the government's stance towards the possible foreign takeover of British firms, particularly in critically important areas such as nuclear power, in the coming weeks. Anglo-Dutch firm Unilever rejected a $143 billion bid from U.S. rival Kraft Heinz last week and Prime...

  • LONDON— Britain's economy grew less quickly than originally estimated in 2016, losing the mantle of being the fastest-growing among the Group of Seven of the world's biggest economies. The Office for National Statistics says growth was revised down to 1.8 percent from the 2 percent originally estimated. Chris Williamson of financial research firm IHS...

  • LONDON, Feb 22- Bank of England Deputy Governor Jon Cunliffe warned on Wednesday that requiring financial instruments to be cleared in a country that uses the currency in which they are denominated would bump up costs and splinter markets. Cunliffe said the clearing of a single pool of multi-currency instruments, as done by LCH clearing house in London, allowed...

  • LONDON— Lloyds Banking Group says its underlying profits rose slightly in the fourth quarter as it began to move beyond past scandals and a government rescue during the financial crisis. The bank says underlying profit, which excludes one-time items like restructuring costs, increased to 1.79 billion pounds from 1.76 billion pounds a year earlier.

  • LONDON, Feb 22- Gold was steady on Wednesday, but investors were nervous as they looked for new signals on whether U.S. interest rates would rise in March and on U.S. "We see the risks as pretty binary in the gold market," Carsten Menke, commodities research analyst at Julius Baer in Switzerland, said. "We still think the FOMC will go for a rate hike in March, which is not yet...

  • *UK economy expands 0.7 pct in Q4, fastest growth in a year. LONDON, Feb 22- Britain's economy accelerated at the end of 2016 but growth for the whole year was weaker than previously thought and there are signs of weakness ahead, data showed, suggesting the Brexit vote will start to take its toll in 2017.. The pound fell after the figures, which no longer showed Britain as...

  • FRANKFURT, Feb 21- Britain's government played down suggestions the London Stock Exchange's headquarters could move to Frankfurt after merging with Deutsche Boerse, but cautioned it was watching the deal closely. Under the terms of a merger deal struck before Britain voted to leave the European Union, Deutsche Boerse Chief Executive Carsten Kengeter is due...

  • *OPEC secretary general optimistic on output cuts. TOKYO, Feb 22- Oil prices held near multi-week highs on Wednesday after OPEC signaled optimism over its deal with other producers to curb output to clear a glut that has weighed on markets since 2014.. Brent crude was up 17 cents, or 0.3 percent, at $56.83, having touched its highest since Feb. 2 at $57.31 in the...

  • *Listing of Aramco could raise up to $100 billion. The U.S. banks have joined boutique investment bank Moelis& Co in being tapped for coveted roles in what is expected to be the world's biggest intial public offering worth some $100 billion. Up to 5 percent of the world's largest oil producer is likely to be listed on both the Saudi stock exchange in Riyadh and on one...

  • PARIS, Feb 22- AccorHotels, Europe's largest hotelier, reported a forecast-beating 3.8 percent rise in operating profit for last year, helped by restructuring efforts and robust demand in most markets. The French company said earnings for its core, domestic market had been impacted as a result of weak demand following a spate of deadly, Islamist militant...

  • KEEPING SCORE: European markets started higher with Britain's FTSE 100 up 0.3 percent at 7,297.41. Consumer goods giant Kraft Heinz fell after it withdrew a $143 billion offer for competitor Unilever, but other food and household goods makers rose as investors bet Kraft will make an offer for one of those companies instead. ANALYST'S TAKE: "U.S. equity investors...

  • *OPEC secretary general optimistic on output cuts. TOKYO, Feb 22- Oil prices held near multi-week highs on Wednesday after OPEC signaled optimism over its deal with other producers to curb output to clear a glut that has weighed on markets since 2014.. Brent crude was up 23 cents, or 0.4 percent, at $56.89, having touched its highest since Feb. 2 at $57.31 in the...