European Stocks Extend Five-Year High; Vivendi Up

By Amwal Al Ghad English On Sep 12, 2013

European stock markets moved cautiously higher at the open on Thursday, with the Stoxx Europe 600 index extending a five-year high, ahead of industrial-production data from the euro zone.

The benchmark index added 0.1% to 311.14, after closing at the highest level since June 2008 on Wednesday. Shares of Home Retail Group PLC jumped 6.1% after a well-received earnings report. Vivendi SA put on 3% after the media and telecom firm late Wednesday said it plans to split the group into two separate companies.

RWE AG fell 2.5% after Citigroup cut the utility firm to sell from neutral. Among country-specific indexes, the U.K.’s FTSE 100 index gained 0.1% to 6,593.10, while Germany’s DAX 30 index was flat around 8,496.11. France’s CAC 40 index fell 0.1% to 4,116.44.

Source : Marketwatch

Prosecutor Refers 29 Morsi Supporters To Trial For Police Station Raid

Egypt’s prosecutor-general Hisham Barakat referred 29 people to criminal court on Wednesday for an attempt to raid and attack a police station in Assiut upon the state’s dispersal of two-sits held by supporters of ousted President Mohamed Morsi in August.

Investigations have revealed that the defendants, who allegedly belong to the Muslim Brotherhood, had rallied by the police station and attacked it and its security forces with Molotov cocktails and rocks.

The prosecutor’s report also said that the defendants were armed and their attack led to the injury of three security personnel.

Source : Ahram