European shares weighed down by IAG and Restaurant Group
(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) Updates prices)
* FTSEurofirst 300 index falls 1.3 percent
* IAG shares down on weaker demand outlook
* Restaurant Group slumps after profit warning
* Strong results boost Vestas
By Atul Prakash
LONDON, April 29 (Reuters) - European equities fell on Friday and headed for their biggest weekly decline in one month, with travel and leisure stocks sending the market lower after updates from British Airways owner IAG and Restaurant Group.
The STOXX Europe 600 Travel and Leisure index fell 2.3 percent, the top sectoral decliner, putting pressure on the broader market.
International Airlines Group fell 4.3 percent, among the decliners in the FTSEurofirst 300 index. It said it would moderate its capacity expansion in the short term in response to weaker overall demand, despite reporting a forecast-beating rise in first-quarter profit. Continuación...