European shares fall slightly as Ericsson slumps

miércoles 12 de octubre de 2016 11:59 GYT
 

* Pan-European STOXX index down 0.5 percent

* Ericcson slumps after profit warning

* Airline Lufthansa lifted by upgrade

* Citi says Italian banks' asset quality improving (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)(Adds closing prices, details)

By Kit Rees and Danilo Masoni

LONDON/MILAN, Oct 12 (Reuters) - European stock markets fell slightly on Wednesday with Sweden's Ericsson slumping to eight-year lows after issuing a profit warning.

The STOXX 600 index fell 0.5 percent, losing ground for the second straight session. So far this year the index is down 7.4 percent.

Germany's DAX also fell 0.5 pct, while Britain's blue-chip FTSE 100 index and the FTSE 250 mid-cap index < .FTMC> both dropped around 0.7 percent.

Telecoms equipment maker Ericsson dropped 20 percent to its lowest point since 2008 after warning that its third-quarter profit would be "significantly lower" than expected after a downturn in its mobile broadband business had accelerated.   Continuación...