European shares retreat as profit warning hits Essentra

jueves 9 de junio de 2016 10:19 GYT
 

* Pan-European indexes down 0.7 percent

* Essentra plunges after profit warning

* Pullback in oil price hits commodities sector

* Financials down on low rates prospects (Updates prices and adds details)

By Kit Rees and Danilo Masoni

MILAN, June 9 (Reuters) - European shares fell for a second straight day on Thursday, weighed down by weakness among commodities-related stocks, while Essentra plunged after a profit warning.

The pan-European STOXX 600 and FTSEurofirst 300 indexes were both down around 0.7 percent by 1408 GMT.

Among the biggest fallers on the STOXX 600, Essentra slumped around 29 percent after it warned of lower full-year profit, citing challenging market conditions for its filter products and delays in some large projects.

A softening in the price of oil weighed on the shares of oil & gas companies. Traders took profits after three sessions of gains, though oil prices remained close to year highs.   Continuación...