European shares steady as Ukraine talks set; Subsea 7, Adidas drop

miércoles 5 de marzo de 2014 05:27 GYT

* FTSEurofirst 300 down 0.1 percent

* Equity markets steady after sharp Ukraine-led moves

* Subsea 7 falls as Q4 earnings, outlook disappoint

* Adidas falls; sees hit from EM currency swings

By Tricia Wright

LONDON, March 5 (Reuters) - European shares were steady on Wednesday as Washington and Moscow were set to hold talks to ease tension over Ukraine, but companies Subsea 7 and Adidas suffered after downbeat results.

The FTSEurofirst 300 was down 0.1 percent at 1,344.21 points after two days of sharp swings.

Oil services supplier Subsea 7 fell 5.6 percent, the top faller on the pan-European FTSEurofirst 300 in brisk trade. It said it expected a fall in its order backlog in the first half of 2014 after posting quarterly earnings below expectations.

Subsea 7 had traded just over its 90-day daily average volume after only an hour's trade, against the FTSEurofirst 300 on less than a quarter.   Continuación...