European shares drift lower, Alstom outperforms

miércoles 30 de abril de 2014 06:39 GYT

* FTSEurofirst 300 off 0.1 pct

* Persistent Ukraine tension weighs on sentiment

* Alstom jumps; among most shorted stocks on Paris bourse

By Tricia Wright

LONDON, April 30 (Reuters) - European shares lost ground on Wednesday after gaining in the previous session, as tension in Ukraine offset reports of more corporate deal-making.

Alstom jumped 9.2 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 on Wednesday, after being 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 could not close their positions while the stock was suspended.

The FTSEurofirst 300 was down 0.1 percent at 1,351.54 points by 1018 GMT. It had jumped 1.2 percent on Tuesday, notching up its highest finish since April 4, when it closed at its highest in six years.   Continuación...