![]() South Korea and Germany also reported an acceleration in infections earlier this week. The Chinese city of Wuhan, where the pandemic originated, reported its first new cases since its lockdown was lifted. Modest gains across Europe came as global equities trod water, as some hard-hit economies that relaxed restrictions witnessed a surge in new coronavirus cases. ![]() Paris-based telecoms group Iliad ( ILD.PA) gained 4.1% as it kept its full-year targets, helping boost Europe’s telecoms index. IBEX, home to several companies paying steady dividends, rose 1% and 1.4% respectively. ![]() “Given the dividend income starvation in Europe that is currently being witnessed, we think income investors will like the details on free cash flow and capital allocation,” Neil Campling, head of TMT Research at Mirabaud Securities wrote about Vodafone’s earnings. The world’s second-largest mobile operator Vodafone ( VOD.L) jumped 8.7% as it retained its dividend, bucking a corporate trend to cut or scrap payouts due to the coronavirus crisis, and met expectations for full-year core earnings. The pan-European STOXX 600 index rose 0.3%, with gains led by the telecoms, healthcare and utilities sectors that investors often seek during times of economic uncertainty. FTSE outperformed its continental European peers, rising 0.9% with help from a weaker pound and upbeat earnings reports. ![]() (Reuters) - European shares finished modestly higher on Tuesday, as telecom stocks surged after Britain’s Vodafone maintained its dividend, while defensive stocks were broadly in favour as investors weighed risks from many countries starting to lift lockdowns.īritain's blue-chip FTSE 100. ![]()
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