Europe: Shares dip on disappointing earnings, growth worries

[BENGALURU] European shares slipped on Thursday as weak earnings from Nokia and news of failed attempts at mergers added to a downbeat mood on renewed fears of a slowdown in global growth.

Most major country indexes in the region ended significantly lower, with London's FTSE 100 down 0.5 per cent while Frankfurt's DAX broke a nine-session winning streak with a 0.25 per cent decline.But not all earnings were bad. Stocks in Madrid and Zurich got a headwind from strong earnings at wind energy producer Iberdrola and lender UBS, respectively.

Sainsbury's slump after Britain's competition regulator blocked its proposed 7.3 billion pound takeover of Walmart-owned Asda, and homebuilder Taylor Wimpey's warning on lower full-year margins, weighed on London's FTSE.Britain's Barclays slipped after reporting a 10 per cent drop in quarterly profit, as its under-pressure investment bank struggled with tough markets.

The gains helped Swiss shares buck the gloom and close 0.4 per cent higher. Meanwhile, wind energy producer Iberdrola's 4.3 per cent jump after it raised its 2019 guidance for net profit and dividend growth, helped Spanish stocks outperform.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Europe: Stocks droop at open[LONDON] Europe's main stock markets weakened at the start of trading on Wednesday, with London's benchmark FTSE 100 index down almost 0.1 per cent at 7,516.40 points. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Stocks slip at open[LONDON] European stock markets edged downwards in opening trade on Thursday, with London's benchmark FTSE 100 index 0.2 per cent lower at 7,457.21 points. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: Stocks up for 8th session as oil surge boosts energy stocks[BENGALURU] Energy stocks boosted by a steady surge in oil prices, and a higher open on Wall Street helped European shares erase session losses and close higher on Tuesday, but a sell-off in banks and auto stocks kept gains in check. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Europe: London stocks open higher; eurozone flat[LONDON] London's benchmark FTSE 100 index climbed 0.3 per cent to 7,480.32 points on Tuesday after a surge in oil prices boosted shares in heavyweight energy companies BP and Shell. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »