European shares knocked down by falls at EDF and banks

lunes 25 de abril de 2016 12:29 GYT
 

(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...