Declines in SKF and Syngenta weigh on European shares

viernes 17 de abril de 2015 04:03 GYT
 

* SKF falls after forecasting flat Q2 demand

* Goldman Sachs upgrade lifts Thales

* Athens stock market up but Greek worries linger

By Sudip Kar-Gupta

LONDON, April 17 (Reuters) - A pullback in bearings maker SKF and crop chemicals group Syngenta weighed on European equities on Friday, keeping a lid on the region's stock markets after a strong run so far this year.

Some traders said lingering worries over Greece were also leading investors to trim back positions and take profits on the stock market rally.

SKF shares fell 4.8 percent after the Swedish company forecast flat demand for its products in the second quarter, while Syngenta declined by 3 percent after reporting lower sales.

Both SKF and Syngenta were among the worst performers on the pan-European FTSEurofirst 300 index, which has risen nearly 20 percent since the start of 2015.

On the positive side, French electronic systems company Thales rose 2.4 percent after Goldman Sachs raised its rating on the company to "buy" from "neutral", while higher sales enabled hotels group Accor's shares to rise.   Continuación...