European Factors to Watch-Shares seen edging lower, focus on earnings
(Adds futures prices, company news)
LONDON Nov 12 (Reuters) - European shares headed for a slightly weaker start on Thursday, tracking losses on Wall Street, with some poor company updates seen putting pressure on the broader stock market.
British engine-maker Rolls-Royce downgraded its profit forecast for 2016, its fourth profit warning in just over a year, RWE warned it would only barely reach its full-year net profit target, and engineering services company Bilfinger reported a 24 percent fall in third-quarter core earnings.
According to Thomson Reuters StarMine data, 84 percent companies in the STOXX Europe 600 index have announced third-quarter results so far, of which 51 percent have met or beaten analysts' forecasts. On the revenue front, only 47 percent companies have met or surpassed expectations.
Shares in BHP Billiton fell to a seven-year low in Australia as Brazil threatened fines on BHP and its partner Vale over the Samarco mine disaster earlier this month.
At 0741 GMT, futures for the Euro STOXX 50, France's CAC and Germany's were down 0.2 to 0.3 percent. However, Britain's FTSE 100 futures were flat.
The pan-European FTSEurofirst 300 index ended 0.7 percent higher in the previous session. However, U.S. stocks finished 0.3 percent lower after investors sold oil companies and dumped brick-and-mortar retailers.
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