European shares drift lower, Alstom outperforms

miércoles 30 de abril de 2014 04:22 GYT
 

* FTSEurofirst 300 off 0.1 pct

* Persistent Ukraine tensions dampen investor sentiment

* Alstom jumps; among most shorted stocks on Paris bourse

By Tricia Wright

LONDON, April 30 (Reuters) - European shares lost ground on Wednesday after sharp gains in the previous session as tensions in Ukraine continued to depress sentiment, though French conglomerate Alstom bucked the weak market trend.

Alstom jumped 7.3 percent after saying it would review a binding offer from General Electric for its energy business by the end of May and left the door open for a competing bid from Germany's Siemens.

Shares in Alstom resumed trading Wednesday having been suspended since late last week.

According to data from Markit, 7.1 percent of Alstom shares are out on loan, making it one of the most shorted stocks on the Paris bourse. Short sellers have been unable to close their positions while the stock was suspended.

The FTSEurofirst 300 was down 0.1 percent at 1,351.65 points by 0746 GMT, having jumped 1.2 percent on Tuesday, notching up its highest close since April 4.   Continuación...