European shares retreat as profit warning hits Essentra

jueves 9 de junio de 2016 12:43 GYT

* Pan-European indexes down 1 percent

* Essentra plunges after profit warning

* Pullback in oil price hits commodities sector

* Financials down on low rates prospects (Updates prices at close)

By Kit Rees and Danilo Masoni

LONDON, 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 1 percent at the close.

Among the biggest fallers on the STOXX 600, Essentra slumped 27.7 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...