Skip to main content

noComment
| |

European shares rose on Monday against a background of merger activity and a rescue plan for US mortgage firms Freddie Mac and Fannie Mac. However, fresh concern about the impact of the credit crisis on the financial sector pulled the European stock market indexes down from the day’s highs by the end of the session.

Banks were the top gainers; takeover target Alliance & Leicester surged 53%, while Santander was flat. The possibility of more mergers boosted the shares of Dutch mail group TNT, German tyre and car parts maker Continental and Britain’s ITV television network.

Copyright © 2012 euronews

| |

Login

Please enter your login details

Join the euronews community

By joining euronews’ community , you can participate to U talk and I talk and subscribe to our newsletters.
Please note: All fields are required