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REFILE-European shares nudge higher as Brexit tussle continues

Published 21/10/2019, 08:39
© Reuters.  REFILE-European shares nudge higher as Brexit tussle continues
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(Corrects to fix typo in first paragraph)

Oct 21 (Reuters) - European shares opened slightly higher on

Monday, indicating that investors remained hopeful that Britain

would be able to avoid a disorderly exit from the European

Union, even as British lawmakers delayed a crucial vote on the

withdrawal agreement.

The British government insisted on Sunday the country will

leave the European Union on Oct. 31 despite a letter that Prime

Minister Boris Johnson was forced by parliament to send to the

bloc, requesting for a Brexit delay. The pan-European STOXX 600 index .STOXX rose 0.2% after

finishing nearly flat last week, hurt by some weak quarterly

results and conflicting Brexit headlines.

London's blue-chip FTSE 100 .FTSE was up 0.3% as

export-heavy firms benefited from a weakness in the pound, while

the domestically focused mid-caps index .FTMC dropped 0.3%.

Tomra Systems TOM.OL gained 12% after reporting strong

quarterly results, including an all-time high order intake.

Wirecard WDIG.DE rose 4.6% after the German payments

company said it had hired KPMG to conduct an independent audit

to address allegations by the Financial Times, that its finance

team had sought to inflate its reported sales and profits.

On the other hand, the Berlin government's move to freeze

rents put real estate companies such as Deutsche Wohnen

DWNG.DE , Ado Properties ADJ.DE and Vonovia VNAn.DE under

pressure.

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