European shares depressed by earnings, luxury proves a drag

April 22, 2015 8:37 AM

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LONDON, April 22 (Reuters) - Company earnings depressed Europe's regional stock indexes on Wednesday, with the luxury sector dragging on the market.

Luxury groups Richemont and Kering were among the worst performers after Richemont warned its net profit for the year would drop by 36 percent and Kering posted a bigger-than-expected drop in sales.

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