FTSE 100 slips on AstraZeneca and miners

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Source: Dukascopy Bank
UK shares traded higher on Thursday supported by Shell earnings results. However the upside effect was erased during the session after several negative news. Royal Dutch Shell gained 3.0% as its 15.7% gain in 1st quarter profit outperformed analyst predictions. AstraZeneca tumbled almost 6% after company posted disappointing 1st quarter results and lowered fiscal year profit outlook. AstraZeneca's CEO David Brennan resigned after the results. At the moment of writing FTSE 100 is 0.35% or 20 points down at 5,699.24.

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Thu, 26 Apr 2012 13:45:32 GMT

German DAX lower on earnings

German DAX index fluctuated between gains and losses on Thursday amid mixed earnings results and steady US jobless claims. Deutsche Bank lost 3.7% after reporting a 33% fall in 1st quarter profit. In contrast Volkswagen rallied 6.8%, after the car maker surpassed analyst forecasts for 1st quarter revenue and confirmed full-year outlook. Fresenius SE fell 3.2% after the firm made

Thu, 26 Apr 2012 13:23:33 GMT

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