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STOCKS NEWS EUROPE-Ahold falls on weak Q3 results

Reuters - UK Focus

Shares of Dutch grocer Ahold (Amsterdam: AH.AS - news) fall as much as 4.3 percent on Thursday after the group announces worse-than-expected profits in the third quarter on the back on weak sales, especially in the Netherlands.

"Third quarter sales were soft across the group while margins held up," analysts at JP Morgan (Other OTC: JPYYL - news) , which downgrade the stock to "neural" from "overweight" say.

"The disappointing news is that Dutch identical store sales actually declined in the period, partly a reflection of the weak market, but also in part because its market share slipped," analysts at Barclays (LSE: BARC.L - news) write in a note to clients.

At 0923 GMT, Ahold's shares are 3.02 percent lower, making them by far the worst performer on the STOXX 600 European Retail Index, which is 0.6 percent higher.

For more on Ahold's Q3 results, please click Reuters messaging rm://robertjan.bartunek.thomsonreuters.com@reuters.net