Europe: Shares steady as firmer banks offset weaker telecoms
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[LONDON] European stock markets were steady on Monday, as a rise in the shares of major banks such as Bankia offset a fall in the telecoms sector after Nokia settled a dispute with Samsung.
The pan-European FTSEurofirst 300 index, whose 6 per cent fall in January was its worst monthly drop at the start of a year since 2008, rose 0.1 per cent.
Bankia rose 7.1 per cent after the state-controlled Spanish bank reported higher profits.
But shares in Nokia and Alcatel - which Nokia is in the process of acquiring - slumped around 10 per cent after Nokia settled a patent dispute with South Korea's Samsung.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
