Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1655
    -0.0028 (-0.24%)
     

  • GBP/USD

    1.2548
    +0.0015 (+0.12%)
     

  • Bitcoin GBP

    50,142.77
    +3,254.45 (+6.94%)
     

  • CMC Crypto 200

    1,356.92
    +79.94 (+6.27%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CRUDE OIL

    78.04
    -0.91 (-1.15%)
     

  • GOLD FUTURES

    2,310.50
    +0.90 (+0.04%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     

  • DAX

    18,001.60
    +105.10 (+0.59%)
     

  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     
MONEY:

Best savings accounts that offer above inflation rates

Where to find a top-rated deal that works for you

European shares open lower, H&M drops as sales disappoint

Reuters - UK Focus

(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details)

MILAN, May 16 (Reuters) - European shares were lower in early trading on Monday with Hennes & Mauritz among the main losers after disappointing sales growth figures.

By 0705 GMT, the pan-European FTSEurofirst 300 index was down 0.7 percent. Volumes were expected to be thin with the German market closed for a public holiday.

Hennes & Mauritz fell 1.5 percent, making it one of the top losers on the FTSEurofirst, after the Swedish budget fashion retailer reported a 5 percent increase in April sales, below the 9 percent expected by analysts polled by Reuters.

ADVERTISEMENT

Prudential Plc (HKSE: 2378.HK - news) also fell 1.6 percent, after Morgan Stanley cut its price target on the stock, although the investment bank kept an "overweight" rating on Prudential.

Telecom Italia (Other OTC: TIAJF - news) bucked a weak telecoms sector to rise 2.8 percent. Italy's biggest telecoms group more nearly tripled the cost cutting target in its business plan.

Today's European research round-up

ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets for site in development). In a real-time, multimedia format from 0600 London time through the 1630 closing bell, it will include the best of our market reporting, Stocks Buzz service, Eikon graphics, Reuters pictures, eye-catching research and market zeitgeist. Breaking news and dramatic market moves will continue to be alerted to all clients and we will continue to provide a short opening story and comprehensive closing reports.

If you have any thoughts, suggestions or feedback on this, please email mike.dolan@thomsonreuters.com.

Mike Dolan, Markets Editor EMEA.

(Reporting by Danilo Masoni; Editing by Sudip Kar-Gupta)