European shares slip back
Thursday, 6 August 2015
European shares retreated on Thursday, with some weak corporate results hitting the shares of enzyme company Novozymes and Deutsche Post. The pan-European FTSEurofirst 300 index, which rose 1.3 percent in the previous session, fell back 0.4 per cent. The euro zone's blue-chip Euro STOXX 50 index declined by 0.2 per cent. Novozymes slid by around 10 per cent. However, some better results were reported elsewhere. Belgian financial company KBC rose 3.5 per cent. The rise in Munich Re enabled Germany's DAX to outperform weaker markets elsewhere, with the DAX up 0.1 per cent. Britain's FTSE was down 0.3 per cent, according to Reuters.
-SRS