Arab Today, arab today areva royal mail shares slide
Last Updated : GMT 06:38:24
Arab Today, arab today
Arab Today, arab today

Areva, Royal Mail shares slide

Arab Today, arab today

Arab Today, arab today Areva, Royal Mail shares slide

Shares in French nuclear giant Areva and British postal operator Royal Mail
London -AFP

Shares in French nuclear giant Areva and British postal operator Royal Mail sank Wednesday in an otherwise calm day for European stocks, as the euro edged up against the dollar.
Areva tumbled in Paris after the company suspended its outlook for the next two years. Royal Mail was the biggest faller on London's benchmark index after posting a drop in earnings as its parcels division faces fierce competition from US online giant Amazon.
Later on Wednesday, all eyes will be on the US central bank, which publishes minutes of its last meeting that saw the Federal Open Market Committee (FOMC) stick to its ultra-low interest rate policy.
London's benchmark FTSE 100 index rose 0.56 percent to stand at 6,709.13 points nearing midday in the British capital.
Frankfurt's DAX 30 gained 0.34 percent to 9,488.41 points and in Paris the CAC 40 added 0.12 percent to 4,267.45.
Areva shares plunged 15.53 percent to trade at 10.19 euros in midday deals.
Royal Mail shed 7.97 percent to 431.8 pence "after it warned that growth in parcels would slow thanks to Amazon and its competitive delivery network", noted Brenda Kelly, chief market strategist at IG traders.
"We can expect more of the same from Royal Mail, while the expectation of hitting targets for the full year hinges on a good Christmas and thus the risk of disappointment is high," she added.
The European single currency increased to $1.2541 from $1.2537 late in New York on Tuesday.
European stock markets were largely "taking a breather after two consecutive days of substantial gains," said Markus Huber, senior analyst at brokers Peregrine & Black.
"There is only a limited amount of economic data scheduled for release today with the FOMC minutes later tonight likely to take centre-stage... In the short-term markets are somewhat overbought which makes for the occasional round of profit-taking likely."
At its meeting in October, the Fed also ended its quantitative easing stimulus programme, after six years of pumping easy money into the US economy via asset purchases to shore up growth.
The Bank of England on Wednesday revealed that its policymakers had voted 7-2 in favour of keeping its main interest rate at 0.50 percent against a background of low inflation and steady growth in Britain.
European equities and the euro had raced higher Tuesday on news that investor sentiment had rebounded in Germany in a sign that the eurozone's biggest economy is overcoming its brief malaise.
Asian markets slipped Wednesday despite record closing highs on Wall Street, with Tokyo stocks retreating after Japan's central bank stood pat on monetary policy even as the country tipped back into recession.
In foreign exchange deals, the euro fell to 79.90 British pence from 80.18 late on Tuesday in New York. The British pound firmed to $1.5697 from $1.5633.
On the London Bullion Market, the price of gold climbed to $1,200.75 an ounce from $1,192.75 late on Tuesday.

 

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today areva royal mail shares slide Arab Today, arab today areva royal mail shares slide

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Russia, Iran ink economic deals

GMT 08:03 2017 Wednesday ,29 March

Russia, Iran ink economic deals
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people

GMT 20:25 2017 Wednesday ,29 March

Bahrain Stock Index Drops 5.15 Points

GMT 20:19 2017 Wednesday ,29 March

US Stocks Rise on Consumer Data and Higher Oil Prices

GMT 17:51 2017 Wednesday ,29 March

Qatar Stock Index Gains 15.68 Points

GMT 12:54 2017 Wednesday ,29 March

Qatar Stock Index Gains 33.28 Points

GMT 12:08 2017 Wednesday ,29 March

Bahrain Bourse daily trading report

GMT 12:01 2017 Wednesday ,29 March

Bahrain Bourse holds 2016-2017 TradeQuest ceremony

GMT 10:52 2017 Wednesday ,29 March

Bahrain Bourse daily trading report
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 11:55 2017 Wednesday ,29 March

Need ‘gymspiration?’ The top fun fitness bloggers

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday