European shares depressed by earnings, luxury proves a drag

miércoles 22 de abril de 2015 06:37 GYT

* FTSEurofirst 300 retreats 0.6 pct

* Luxury stocks among worst performers

* Volvo surges higher after naming new CEO

* Greek equity index edges lower

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's sales dropped by more than expected.

Kering fell 6.1 percent while Richemont weakened by 1.1 percent.

British supermarket operator Tesco also slipped after reporting its worst ever loss.   Continuación...