U.K. Data Sparks Rate Rise Worries; Bouygues Said to Hang up on Telecoms Unit Suitor

TheStreet

European stocks markets diverge, with strong industrial and manufacturing data taking their toll on U.K. indices as they fuel expectations that interest rates could rise from their historic low 0.5% as early as this year. In Paris Bouygues falls following a report of a major mismatch in price expectations between Iliad, which is said to want to buy its telecoms unit, and the conglomerate itself; while in Spain investors’ confidence in the strength of the country’s economic recovery will be tested with the IPO of Logista, the consumer goods and tobacco distribution unit of the U.K.’s Imperial Tobacco.