European shares depressed by earnings, luxury proves a drag

miércoles 22 de abril de 2015 04:37 GYT

* FTSEurofirst 300 dips 0.1 pct

* Luxury stocks among worst performers

* Lower crude prices weigh on oil-and-gas sector

* Tesco rises despite worst-ever loss

* Still bullish on European equities-trader

By Lionel Laurent

LONDON, April 22 (Reuters) - Company earnings depressed Europe's regional stock indexes on Wednesday, with the luxury sector dragging on the market.

Luxury groups Richemont and Kering were among the worst performers after Richemont warned its net profit for the year would drop by 36 percent and Kering posted a bigger-than-expected drop in sales.

However, shares in Tesco rose more than 1 percent as investors and analysts bet the worst of its losses were behind the retailer after news that property writedowns brought on its worst-ever loss.   Continuación...