European shares inched higher in morning trade on Friday, helped by encouraging company earnings and a march higher for construction and material stocks led by a rise in 2012 sales targets for French firm Vinci .
Sandvik jumped 10 percent, with volumes hitting 143 percent of its 90-day daily average, after the Swedish machinery and tool maker posted record orders and a surprise rise in quarterly earnings, on the back of strong demand in its industrial tools and mining business.
The FTSEurofirst 300 index of top European shares was up 0.1 percent at 1,045.09 points at 0850 GMT after falling to a low of 1,034.54 earlier in the session following a two-notch cut in Spain's credit rating overnight.
Striving to highlight high-ranking women in the corpo
ADIB named ‘Islamic Bank of the Year’ by IFLR
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group, has received the prestigious ‘Islamic Bank of the Year 2014’ award for the 2nd consecutive year from the International Fina
Home grown companies targeting Expo 2020
With property developers aggressively preparing towards the World Expo 2020, several home-grown companies are establishing new product lines to cater towards the requirements of forthcoming projects.
UAE, Japan trade reaches Dhs146.54b
The trade exchange between the UAE and Japan grew by 6 per cent to Dhs146.54 billion ($39.93 billion) in the first nine months of this year compared with Dhs137.7 billion ($37.52 billion) in the same