European shares edge higher as Scotland-exposed firms gain

jueves 11 de septiembre de 2014 07:10 GYT
 

* FTSEurofirst 300 up 0.2 pct, halts recent slide

* Standard Life, RBS rally after latest opinion poll

* Broader stock market stays vulnerable in near-term

By Atul Prakash

LONDON, Sept 11 (Reuters) - European shares edged higher on Thursday, with Scottish-exposed companies such as Standard Life, SSE and Royal Bank of Scotland rallying after a poll suggested voters in Scotland would reject independence in next week's referendum.

The survey late on Wednesday by Survation for the Daily Record newspaper showed 53 percent support for retaining the three-centuries-old union with England, with 47 percent favouring a breakaway from the United Kingdom. The results excluded the 10 percent of respondents who were undecided.

Scotland-based Lloyds gained 1.3 percent, while RBS rose 1.4 percent. Standard Life and SSE were up 1.8 percent and 1.5 percent respectively.

Lloyds said on Wednesday its contingency plans for Scottish independence included setting up "legal entities in England", while government and banking sources said RBS would also base itself in London in the event of independence.

"The latest poll is relatively reassuring but it's still quite close. Whatever the result of the vote though, the implication for Europe is that it revives the spectre of similar referendums in Spain's Catalonia and Belgium's Flanders," said Alexandre Baradez, chief market analyst at IG France.   Continuación...