European shares steady, Fiat skids

miércoles 7 de mayo de 2014 11:20 GYT

* FTSEurofirst 300 index flat in late trading

* Results from Credit Agricole, Henkel support

* Fiat slips on scepticism over a new business plan

By Atul Prakash

LONDON, May 7 (Reuters) - European equities steadied in late trading on Wednesday, with a sharp decline in Fiat shares over scepticism about its new business plan offset by some positive company earnings.

Fiat Chrysler fell 10 percent, the biggest faller on the FTSEurofirst 300, as investors remained unconvinced about a plan to boost sales by 60 percent by 2018 and almost wipe out its debt, analysts said.

Experian, the world's biggest credit data company, fell 6 percent, despite reporting an 8 percent increase in annual earnings, as its Chief Executive Don Robert said growth in the first half could be constrained.

However, share declines recorded by some major companies were offset by gains posted by elsewhere following the release of their first quarter earnings reports.

Credit Agricole, France's third-biggest listed bank, rose 6.9 percent to top the FTSEurofirst 300 leader board after reporting a 30 percent rise in quarterly net income.   Continuación...