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BAB - Babcock International News Story

215.3p 0.3  0.1%

Last Trade - 4:52pm

Mid Cap
Market Cap £1.09bn
Enterprise Value £2.87bn
Revenue £4.45bn
Position in Universe 359th / 1809

European shares slip, Britain's FTSE 100 at a record

Mon 9th January, 2017 8:00am
LONDON, Jan 9 (Reuters) - European shares edged lower on 
Monday in early deals, though a rise among basic resources 
stocks helped Britain's FTSE 100  .FTSE  index hit a fresh 
record high. 
    The pan-European STOXX 600 index  .STOXX  was down 0.1 
percent. The FTSE 100  .FTSE  outperformed its continental 
peers, gaining 0.3 percent to hit a fresh all-time high of 
7,239.26 points. The British blue chip index was on track to 
mark its tenth session of straight gains, having closed at a 
record level last Friday. 
    While basic resources  .SXPP  was the top-gaining sector 
rallied 0.3 percent, a 4.3 percent fall in Deutsche Lufthansa's 
shares  LHAG.DE  weighed on travel & leisure  .SXTP  stocks.  
    British mid cap betting firm William  WMH.L  also fell, 2.8 
percent, after reporting profit at the bottom of its guidance 
    Germany's Fresenius Medical  FMEG.DE  was another top 
faller, down 3.4 percent after it and U.S. rival DaVita Inc 
 DVA.N  received subpoenas from federal prosecutors 
investigating their ties with a charity that helps patients pay 
for kidney dialysis.*:nL5N1EX0CZ 
    A downgrade to "hold" from "buy" from Deutsche Bank weighed 
on Babcock International's  BAB.L  shares, sending the 
engineering firm 3.5 percent lower. 
 (Reporting by Kit Rees, Editing by Vikram Subhedar) 
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