Radiocor News

Europe shares close higher as London closes on record high -2-

Retailers top gainers; Galp soars (Il Sole 24 Ore Radiocor) - 22 Apr - In European stock market dealings most sectors were higher, with retailers leading the gains while car makers bucked the trend and slipped.

Shares in Portuguese energy group Galp soared 20.6% after the company said that the Mopane oil find in Namibia could be "an important commercial discovery." The company said that it has "successfully completed"the first phase of theMopane exploration campaign with the conclusion of the Mopane-1X well testing operations.

In London retailers benefitted from a series of upgrades by analysts at US bank Jefferies and results from Asda with Marks & Spencer rising 4.4%, Sainsbury 3.9% and Tesco 3.4%.

On the downside, Fresnillo was among the day's biggest losers, 2.5% off as gold prices fell.

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(RADIOCOR) 22-04-24 18:36:24 (0614) 5 NNNN

 


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