European shares fall from three-month high as EDF slumps
(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 falls back
* 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 fell further below last week's three-month high on Monday, as weak mining stocks and a drop in French utility EDF weighed on the market.
The pan-European FTSEurofirst 300 index was down 0.4 percent at 1,366.99 points, nearly 2 percent off last Thursday's peak, which was its highest level since January.
Germany's DAX was down 0.5 percent after a report showed German business morale fell in April. The German Ifo business climate index came in at 106.6 in April, missing a consensus forecast of 107. Continuación...