European shares dip early; Wincor sinks

lunes 28 de julio de 2014 04:38 GYT

* FTSEurofirst 300 down 0.1 pct, Euro STOXX 50 down 0.03 pct

* Ryanair surges after boosting outlook

* Danone gains ground on report about unit sale

By Blaise Robinson

PARIS, July 28 (Reuters) - European stocks reversed early gains and dipped on Monday morning, adding to the previous session's losses, with Germany's Wincor Nixdorf sinking after it slashed its sales forecast.

Blaming unfavourable developments in key emerging markets, the provider of hardware and software for banks and retailers said it expects flat full year sales, sending its stock down as much as 11 percent to its lowest level in more than a year and a half.

Ryanair bucked the trend, surging 5 percent after Europe's biggest budget airline lifted its outlook following a sharp rise in quarterly net income, coming in the wake of profit warnings by rivals Air France-KLM and Lufthansa .

France's Danone was also among the top gainers, up 1.9 percent following a report saying that the food and beverage major is in talks to sell its medical nutrition business to U.S. group Hospira in a deal valuing the unit at about $5 billion, or 3.7 billion euros.

"In the past, the price mentioned was 3 billion euros, so this 3.7 billion euro tag is a better price," a Paris-based trader said.   Continuación...