Europe and Asia Close Mixed
European stock markets were mixed on Thursday. London's Financial Times-Stock Exchange 100 gained 9.80 points, or 0.21%, to close at 4728.30. Shares edged higher as Wall Street continued to trade mixed as hype from the U.S. elections dissipated. The Bank of England's announcement today that interest rates would remain unchanged was widely expected. Among companies reporting, Man Group disappointed, despite reporting first-half net income was up 21% and saying it is confident of significant growth in underlying earnings for the year. Scottish & Southern said first-half net income grew by 11.3%, slightly ahead of expectations. Shire Pharma reported a 22% rise in third-quarter revenues with sales of Adderall moving up 16%. Smith & Nephew jumped 10.25% after reporting a 15% rise in third-quarter net income and said it expects strong growth in the fourth quarter with market fundamentals continuing to be favourable.
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