European stocks slip as mixed earnings offset M&A cheer

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Calling Chard: asparagus and leek risotto with chicken | SaltWire - European stocks slipped on Thursday following mixed earnings from blue-chip companies such as Nestle and Deutsche Bank, while big M&A news in the mining sector powered Britain's FTSE 100 to fresh highs.

STMicroelectronics dropped 2.9% after the chipmaker lowered its full-year sales guidance. Dutch chipmaking parts supplier BE Semiconductor also dropped nearly 3% after it missed first-quarter order expectations. Deutsche Bank slipped 0.7% while BNP Paribas edged up after the euro zone's biggest lenders posted upbeat first-quarter profits.

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