European shares edge lower, Richemont slips after update
May 22, 2015 9:27 am
The pan-European FTSEurofirst 300 index fell in early trading on Friday, with Cartier owner Richemont leading the index lower after reporting lower profits.
Shares of Richemont sank 3.4 percent after reporting an 8 percent fall in April sales at constant exchange rates as well as a lower net profit and said trading continued to remain difficult in its big markets of Hong Kong and Macau.
The FTSEurofirst 300 index plunged 0.1 percent at 1,618.50 points at 0710 GMT. However, the index, up nearly 3 percent so far this week, headed for its best weekly gains in more than a month.
The material has been provided by InstaForex Company – www.instaforex.com
The pan-European FTSEurofirst 300 index fell in early trading on Friday, with Cartier owner Richemont leading the index lower after reporting lower profits.
Shares of Richemont sank 3.4 percent after reporting an 8 percent fall in April sales at constant exchange rates as well as a lower net profit and said trading continued to remain difficult in its big markets of Hong Kong and Macau.
The FTSEurofirst 300 index plunged 0.1 percent at 1,618.50 points at 0710 GMT. However, the index, up nearly 3 percent so far this week, headed for its best weekly gains in more than a month.
The material has been provided by InstaForex Company – www.instaforex.com
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