Business World

Friday 24 November 2017

European shares trim losses on Cyprus bank deal denial

EUROPEAN shares trimmed some of their earlier gains on Wednesday after a spokesman for the Cyprus government denied media reports of a deal to sell Cyprus Popular Bank to Russian investors.

The pan-European FTSEurofirst 300 index, which had risen as much as 0.6pc to an intraday high of 1,201.91 points, gave up some of those gains to stand 0.3pc higher at 1,199.08 points by lunchtime.

Reuters

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