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Sun, Feb 17, 2008 - Page 10　News List

Banking woes spoil bullish week in Europe

EXPOSURE The FTSE 100 dropped 1.6 percent, the French CAC-40 fell 1.8 percent and the German DAX 30 dipped 1.9 percent, with banks in particular edging down

AP , LONDON

Shares in GlaxoSmithKline rose 1 percent after billionaire investor Warren Buffett disclosed in a filing on Thursday that his investment vehicle Berkshire Hathaway now owns 1.5 million shares in the firm.

Shares in Deutsche Post rose 1.1 percent, and majority-owned Deutsche Postbank rose 2.8 percent, as Klaus Zumwinkel submitted his resignation as chief executive of the owner of DHL and the German mail service after being charged with tax evasion.

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