European shares dragged lower by earnings misses

jueves 12 de noviembre de 2015 08:48 GYT

* FTSEurofirst 300 down 0.6

* Rolls-Royce slumps after another profit warning

* Aegon and RWE also fall after results

* Draghi's comments on inflation raise stimulus hopes (Recasts, adds detail)

By Atul Prakash and Alistair Smout

LONDON, Nov 12 (Reuters) - European shares fell on Thursday, hit by a number of disappointing earnings updates, although hints of renewed stimulus from the European Central Bank did offer some support.

In choppy trading, the pan-European FTSEurofirst 300 index was down 0.6 percent at 1,485.83 points by 1203 GMT, after falling to an intra-day low of 1,482.92 on updates from some companies that fell short of expectations.

Shares in Rolls-Royce slumped 23 percent and were set for their biggest one-day percentage drop ever, after the British engine-maker downgraded its profit forecast for 2016, its fourth warning in just over a year. It blamed sharply weaker demand for spares and services to existing aero-engines.

"Yet another profit warning has shocked investors, with a review of its current shareholder payments policy a major negative," said Keith Bowman, analyst at Hargreaves Lansdown.   Continuación...