Eutelsat plunges as European shares slip lower

viernes 13 de mayo de 2016 07:42 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)

* FTSEurofirst down 0.3 percent

* Eutelsat drops around 30 percent after outlook cut

* Ubisoft rises after posting higher sales

By Danilo Masoni

MILAN, May 13 (Reuters) - European shares lost ground on Friday, with satellite company Eutelsat plunging 30 percent after slashing its outlook, while weak oil prices also weighed on the region's stock markets.

The pan-European FTSEurofirst 300 index fell 0.3 percent, while the euro zone's blue-chip Euro STOXX 50 index fell 0.2 percent.

European markets have sagged in recent weeks, with some investors blaming strength in the euro and uncertainty before Britain's vote on June 23 on European Union membership - dubbed "Brexit" - and a political stalemate in Spain.

The International Monetary Fund (IMF) reiterated on Friday that a vote by Britain to leave the EU next month could hit the global economy and world stock markets.   Continuación...