European shares fall sharply, LSE and tech stocks weigh

jueves 26 de marzo de 2015 05:35 GYT
 

* FTSEurofirst 300 index falls 1.5 pct

* LSE down sharply on stake sale news

* Tech stocks weaker for second straight day

By Atul Prakash

LONDON, March 26 (Reuters) - European shares fell on Thursday, with London Stock Exchange leading the market lower on news Borse Dubai will sell its full stake in the company and ARM Holdings extending the previous session's steep losses.

London Stock Exchange shares fell 10 percent after a source familiar with the situation told Reuters that Borse Dubai , the LSE's biggest investor, was selling its stake in the British exchange, which will raise around 1.5 billion pounds ($2.23 billion).

"The sale is raising questions as to why it is being made, providing a further drag on the LSE share price. It potentially leaves other investors assessing prospects for the LSE going forward," Keith Bowman, analyst at Hargreaves Lansdown, said.

Technology stocks fell for a second day, with the STOXX Europe 600 Technology Index down 3.2 percent following weaker U.S. tech stocks.

British chipmaker ARM and Dutch semiconductor equipment maker ASML fell 4.3 percent and 4.2 percent respectively on concerns over weak computer sales.   Continuación...