European shares knocked down by falls at EDF and banks
(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 closes down 0.6 pct
* EDF slumps 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 a slump in French utility EDF and weaker banking stocks pushed the market lower.
The pan-European FTSEurofirst 300 index, which hit a three-month peak last week, fell 0.6 percent to 1,364.13 points.
The biggest decline on the FTSEurofirst was EDF's 11.1 percent loss.
The French utility has delayed a decision on its Hinkley Point nuclear project. It also secured a state-backed financing package, but this put pressure on the shares. Continuación...