European shares edge down further from three-month high
(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details)
* FTSEurofirst 300 down 0.7 pct
* Germany underperforms after weak Ifo
* EDF drops on capital raising plans
* Philips sees possible lighting IPO drag on shares
By Alistair Smout
LONDON, April 25 (Reuters) - European shares edged lower on Monday, consolidating gains from a strong week which saw a top index touch a 3-month high, with a drop in French utility EDF weighing on the market.
The pan-European FTSEurofirst 300 index was down 0.7 percent at 1,362.58 points, and was 1.6 percent off from last Thursday's peak, which was its highest level since January.
The index ended up 1.6 percent for the week, a second straight weekly gain, and followed Asian shares in seeing profit taking after a strong run. Continuación...