European shares led lower by E.ON on profit warning

LONDON Tue Nov 13, 2012 1:53pm IST

LONDON Nov 13 (Reuters) - European stocks fell for a fifth straight session on Tuesday, led by German utility E.ON after it issued a profit warning.

Broader market sentiment remained subdued given wrangling on Monday between international lenders over disbursing the next tranche of Greek aid, as the country needs to refinance 5 billion euros of its debt pile by Friday.

"Has there been solution overnight? No, that's the problem," Justin Haque, a broker at Hobart Capital Markets, said. "Where's the 5 billion (euros)? They need it on the 16th."

E.ON led fallers, down nearly 10 percent, after it cut its 2013 outlook late on Monday. Euro zone banks, meanwhile, were down 0.4 percent, while the FTSEurofirst 300 index was down 0.6 percent at 1,088.36 points.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Adani Project

Adani Project

Australia approves Adani's $16 bln Carmichael coal project  Full Article 

India-U.S. Talks

India-U.S. Talks

Kerry to woo Modi's India, but quick progress unlikely  Full Article 

Paring Debt

Paring Debt

Jaiprakash to sell hydro plants to Reliance Power  Full Article 

Nifty Falls

Nifty Falls

The broader index hits lowest in nearly a week on profit taking  Full Article 

Mideast Conflict

Mideast Conflict

U.N. Security Council calls for humanitarian ceasefire in Gaza  Full Article 

Market Eye

Market Eye

Foreign investors prefer Indian cyclicals, utilities - Macquarie  Full Article 

Debt Investment

Debt Investment

India's FII debt limit hike credit-positive, says Moody's  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage