Media stocks drag down European equities from highs

jueves 16 de abril de 2015 06:31 GYT

* FTSEurofirst down 0.2 pct, retreats from 2000 highs

* Pearson leads media stocks lower

* Casino, Unilever, Diageo down

By Atul Prakash

LONDON, April 16 (Reuters) - European equities retreated from a 14-year high on Thursday, with media stocks leading the market lower after Pearson fell sharply following troubles with one of its educational technology projects.

The STOXX Europe Media index dropped 1.3 percent, the top sectoral decliner, dragged down by a 3.6 percent fall in Pearson after a report saying the Los Angeles Unified School District was seeking a refund from Apple over a bungled $1.3 billion iPad plan with curriculum from Pearson.

The pan-European FTSEurofirst 300 index was down 0.6 percent at 1,640.92 points by 1009 GMT. Around Europe, Britain's FTSE 100 index was down 0.3 percent and Germany's DAX index fell 1.2 percent.

Greece's ATG fell 0.8 percent as the Financial Times reported the International Monetary Fund had rebuffed a request from the country to delay loan repayments.

"European markets are digesting continuing worries about Greece and its potential inability to tread water for much longer," Augustin Eden, analyst at Accendo Markets, said.   Continuación...