European shares move slightly higher with Brexit, Fed in focus; UK GDP due

Construction and materials were leading the gains in early deals, with Lafargeholcim up by 2 percent. The stock was upgraded to buy from underperform by Bank of America. There was also some momentum in personal and household goods due to stock upgrades. The U.K. housebuilder Taylor Wimpey rose 3.4 percent and led the gains across Europe. Renault shares were under the flatline too after news that former Nissan Motor Chairman Carlos Ghosn was indicted on two new charges of financial misconduct.


Construction and materials were leading the gains in early deals, with Lafargeholcim up by 2 percent. The stock was upgraded to buy from underperform by Bank of America. There was also some momentum in personal and household goods due to stock upgrades. The U.K. housebuilder Taylor Wimpey rose 3.4 percent and led the gains across Europe. Renault shares were under the flatline too after news that former Nissan Motor Chairman Carlos Ghosn was indicted on two new charges of financial misconduct.
European shares move slightly higher with Brexit, Fed in focus; UK GDP due Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: silvia amaro
Keywords: news, cnbc, companies, virgin, wimpey, brexit, higher, stock, slightly, shares, buy, upgraded, uk, gains, fed, company, european, upgrades, focus, yield, gdp, wants


European shares move slightly higher with Brexit, Fed in focus; UK GDP due

The pan-European Stoxx 600 was 0.2 percent with almost every sector in positive territory. Construction and materials were leading the gains in early deals, with Lafargeholcim up by 2 percent. The stock was upgraded to buy from underperform by Bank of America.

There was also some momentum in personal and household goods due to stock upgrades. The U.K. housebuilder Taylor Wimpey rose 3.4 percent and led the gains across Europe.

The Swiss company Straumann was also among the top gainers, after its CEO said that it wants to increase sales five-fold within a decade, Reuters reported.

On the other hand, Orion dropped more than 6 percent after Jefferies cut its grade on the pharma company. The research firm argued that the current 4.5 percent dividend yield is not enough to support the share price, Reuters reported.

Furthermore, Flybe fell as much as 90 percent after a consortium of Virgin Atlantic Ltd, Stobart Group and Cyrus Capital Partners agreed to buy the low-cost airline.

Renault shares were under the flatline too after news that former Nissan Motor Chairman Carlos Ghosn was indicted on two new charges of financial misconduct.


Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: silvia amaro
Keywords: news, cnbc, companies, virgin, wimpey, brexit, higher, stock, slightly, shares, buy, upgraded, uk, gains, fed, company, european, upgrades, focus, yield, gdp, wants


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