European shares weighed down by IAG and Restaurant Group

viernes 29 de abril de 2016 12:36 GYT
 

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* FTSEurofirst 300 index falls 2.2 percent

* IAG shares down on weaker demand outlook

* Restaurant Group slumps after profit warning

* Strong results boost Vestas

By Atul Prakash and Danilo Masoni

LONDON/MILAN, April 29 (Reuters) - European shares fell on Friday to register their biggest weekly drop in more than two months, with travel and leisure stocks among the top losers after updates from British Airways owner IAG and Restaurant Group.

The STOXX Europe 600 Travel and Leisure index fell 2.3 percent, putting pressure on the broader market.

British Airways-owner IAG fell 4.7 percent. 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...