UPDATE 1-Disappointing earnings weigh on European shares

miércoles 19 de octubre de 2016 04:43 GYT
 

* STOXX 600 down 0.2 pct

* Travis Perkins warns on 2016 profit

* Reckitt Benckiser also falls

* Though Edenred gains after strategic plan (Adds detail and quotes, updates prices)

By Kit Rees

LONDON, Oct 19 (Reuters) - European shares edged lower on Wednesday after a slew of weak financial updates weighed on British firms Travis Perkins and Reckitt Benckiser , and on Dutch paint maker Akzo Nobel whose results were hit by a weak pound.

The pan-European STOXX 600 index fell 0.2 percent, following a 1.5 percent rise in the previous session.

Building materials supplier Travis Perkins dropped 5.7 percent and was on track for its biggest daily loss since July after the firm warned its 2016 profit would be hit by a disappointing performance in its plumbing and heating business.

The company also said that it would close more than 30 branches.   Continuación...