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European Markets
- Risk-on trading pushes the FTSE Eurofirst 300 to a fresh six-month high - Hopes for the global economic recovery outweigh the sentiment-sapping impact of the lingering eurozone fiscal crisis - Pan-European broadcaster to install co-chief executives after head leaves ‘by mutual and amicable consent’ - Swiss watchmaker falls 4.6 per cent after its results come in below expectations with its losses exacerbated by its 2012 performance so far - Weak results and an ongoing US investigation into allegations of tax evasion among Swiss banks hit Julius Baer which saw its shares fall 4.7% - Rapid gains for Société Générale and Crédit Agricole helped the FTSE Eurofirst rise for the fourth consecutive session on Friday - Norwegian Media Authority says deal breaches antitrust laws because vendor would monopolise circulation in certain regions - Executives limited to €600,000 a year, in some cases cutting bankers’ income by three-quarters - A raft of challenges made 2011 the toughest year yet for providers - Weak corporate results weigh on European equities as expectations of a breakthrough on Greek debt stymie trading
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