|Bid||103.838 x 30000|
|Ask||104.762 x 30000|
|Day's range||104.556 - 105.132|
|52-week range||96.450 - 122.835|
|PE ratio (TTM)||25.46|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||N/A|
LONDON/MILAN, July 6 (Reuters) - European shares fell on Thursday to their lowest in 11 weeks after minutes from the ECB'S latest meeting showed the central bank had left the door open to scrapping its bond-buying pledge. The pan-European STOXX 600 had fallen 1.1 percent by 1204 GMT, with all sectors trading in negative territory after the minutes.
European shares inched lower on Thursday though a series of earnings updates grabbed the focus with Reckitt Benckiser and Sodexo leading fallers after both companies cut their guidance. The pan-European ...
French facilities management and vouchers group Sodexo cut its full year sales growth goal on Thursday after a weaker-than-expected performance in the third quarter. Sodexo, the world's second-biggest catering services company after Compass Group (Other OTC: CMPGF - news) , said it was still confident revenue growth would accelerate in the fourth quarter due to recent contract start-ups, and kept its full-year profit growth target. Chief Executive Michel Landel told a conference call that business in France was improving, while the image of France had improved abroad since the election of French President Emmanuel Macron, which he said was "extremely favourable" for business.
French food services and facilities management group Sodexo said organic revenue fell 1.5 percent in the first quarter of the 2016/17 fiscal year, reflecting weakness in its energy and resources unit and higher year-ago comparables. Sodexo, which is the world's No.2 catering services company after Britain's Compass Group (Other OTC: CMPGF - news) , said it was nevertheless confident of achieving its full year targets as revenue growth would progressively accelerate in the coming quarters. In November, Sodexo had warned the first quarter would be tough against the year-ago quarter, which included the Rugby World Cup contract which gave a boost to its business, saying it would be "very small to slightly negative".
French catering-to-vouchers group Sodexo said its cost savings programme was on track and was confident of further sales and profits growth in the current fiscal year despite a challenging environment. Sodexo, the world's second-biggest catering services company after Compass Group (Other OTC: CMPGF - news) , also expected its 'remote sites' business - which provides services on oil platforms and mining sites - to pick up in the second half of the year as the broader commodity sector shows signs of recovering from tough market conditions caused by pressure on oil and metal prices. Activity in France, which has been hit by security fears tied to Islamist militant attacks, should also stabilise while North America should continue to provide growth opportunities, Chief Executive Michel Landel added on a conference call.