European shares set for weekly loss but Syngenta soars
* I[FTSEurofirst set for worst weekly loss since early Sept.
* Syngenta surges on reported takeover approach
* Ferragamo drops after weak results
By Danilo Masoni
MILAN, Nov 13 (Reuters) - European shares fell on Friday, weighed down by some weak corporate earnings, although agrichemicals group Syngenta surged after a bid approach.
Syngenta rallied 7.1 percent after Bloomberg reported that China National Chemical Corp was in talks to buy the world's largest agrichemical company, although its initial offer of nearly $42 billion was rejected.
Overall, though, European stock markets were lower.
The pan-European FTSEurofirst 300 index slid 0.6 percent and was set for its worst weekly fall since early September, while the euro zone's blue-chip Euro STOXX 50 index also retreated 0.4 percent.
The earnings picture in Europe remained mixed, with data from Thomson Reuters StarMine showing that half of the companies on the European STOXX 600 index have missed market expectations with their third quarter results so far. Continuación...