Iraq crisis, UK rate warnings hit European shares

viernes 13 de junio de 2014 13:01 GYT

* FTSEurofirst 300 ends 0.2 pct lower, hits one-week low

* Iraq crisis, chance of early UK rate hike hit sentiment

* Travel, leisure and property stocks among top decliners

By Atul Prakash

LONDON, June 13 (Reuters) - Major European stock indexes ended lower on Friday, with British equities slipping on the possibility of an early rate hike and travel stocks hurt by concern the Iraq conflict will raise oil prices.

The STOXX Europe 600 Travel and Leisure index fell 1.7 percent, the top decliner in Europe, on concern higher energy prices will hurt profit margins of airlines and other transport companies.

In Britain, the blue-chip FTSE 100 index fell 1.0 percent, led by property firms, after Bank of England Governor Mark Carney said interest rates might rise sooner than markets expected and it would consider controls on mortgage lending.

A Reuters poll of economists on Friday suggested the first rate rise will come in the first three months of next year. In a May 28 poll, economists' expectations had been for rates to go up in the second quarter.

In reaction, Land Securities and British Land , the country's top two listed property companies, fell more than 4 percent. Kingfisher, Europe's biggest home improvements retailer, fell nearly 4 percent.   Continuación...