Europe stocks close lower; Carlsberg down 9% after bid rejected; UK retail sales beat forecast

The pan-European Stoxx 600 index ended the session down 0.69%, with bank stocks tumbling 1.5% as utilities managed a 0.1% gain.

Carlsberg shares fell 9% after U.K. soft drinks maker Britvic confirmed it had rejected two unsolicited takeover proposals from the Danish drinks giant.shares fell 9% after U.K. soft drinks maker Britvic confirmed it had rejected two unsolicited takeover proposals from the Danish drinks giant, saying the latest offer of 1,250 pence per share"significantly undervalues" the company.it would cut interest rates by 0.25 percentage points to 1.25%.

"After a slow start to the year, retailers can take comfort in retail sales recovering just in time for summer — a time when major sporting events, from the EUROs to the Olympics, will also likely improve the trading environment," Deann Evans, EMEA managing director at Shopify, said.were slightly lower on Friday morning on Wall Street. Trading in the U.S.

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