European shares resume sell-off

European shares fell early on Tuesday, tracking sharp losses on Wall Street and resuming their three-week sell-off, dragged by mounting concerns over the strength of the global economy. Shares in British luxury brand Burberry featured among the top losers across Europe, down 4.1 per cent after warning that market conditions were becoming more difficult, partly offsetting reduced currency headwinds. Bucking the trend, shares in Iliad surged 13 per cent in brisk volumes after the French low-cost telecoms operator dropped its bid to buy T-Mobile US Inc, according to Reuters.