European shares fall, JC Decaux and Raiffeisen slump
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* JC Decaux slumps as brokers cut estimates on stock
* Raiffeisen drops as merger plan unsettles some investors
By Sudip Kar-Gupta
LONDON, May 11 (Reuters) - European shares slipped on Wednesday as some weak earnings pushed the market lower after two previous days of gains.
Outdoor advertising group JC Decaux was among the worst-performers
The pan-European FTSEurofirst 300 index and the European STOXX 600 index were both down by 0.6 percent.
JC Decaux slumped 9.2 percent. A weak second-quarter outlook issued by the company caused several investment banks to cut their ratings and price targets on the stock.
Austria's Raiffeisen Bank also dropped by around 10 percent on concerns over the company's plans to merge with its unlisted parent company Raiffeisen Zentralbank. Continuación...