European shares steady at close, UK grocery firms slip

miércoles 27 de agosto de 2014 12:40 GYT

* FTSEurofirst 300 ends 0.1 pct up, Euro STOXX 50 down 0.1 pct

* Seadrill falls after below-forecast earnings

* Marine Harvest results hit by Russian sanctions

* Charts show bullish signals for European indexes

By Atul Prakash

LONDON, Aug 27 (Reuters) - European shares steadied near a one-month high on Wednesday, pausing after a 2-1/2-week rally, as a drop in German consumer morale and negative corporate news curbed appetite for stocks.

Declines in individual shares included UK grocers Sainsbury and Tesco, slipping 2.6 percent and 1.1 percent respectively after data from Kantar Worldpanel showed UK grocery market sales rose 0.8 percent in the 12 weeks to Aug. 17, a 10-year low.

And Seadrill, the world's biggest offshore driller by market capitalisation, fell 2.5 percent after its second-quarter earnings missed forecasts.

The impact of the Ukraine crisis and tensions between the West and Moscow were visible again in European company results on Wednesday. Marine Harvest, the world's largest salmon farmer, said it expected Russian sanctions to pose short-term challenges. Its shares fell 2 percent.   Continuación...