European shares set for weekly loss but Syngenta soars

viernes 13 de noviembre de 2015 10:56 GYT

* FTSEurofirst set for worst weekly loss since early Sept.

* Syngenta surges on reported takeover approach

* Ferragamo drops after weak results

By Sudip Kar-Gupta

LONDON, 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 6.7 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.

Asked about the report, a ChemChina spokeswoman said the company had nothing to announce, while Syngenta declined to comment.

Overall, though, European stock markets were lower.

The pan-European FTSEurofirst 300 index slid 1 percent to 1,455.20 points. The index was down 3 percent over the course of the week, which would mark its worst weekly fall since early September.   Continuación...