Weak earnings and fall in luxury stocks weigh on European shares

April 22, 2015 7:21 PM

49 0

LONDON, April 22 (Reuters) - A raft of weak corporate earnings coupled with sharp drops in some major luxury goods stocks weighed on European equities on Wednesday.

Luxury group Kering was among the worst performers after reporting sales dropped by more than expected, with rivals such as Burberry and Hugo Boss also retreating. Kering fell 3.9 percent.

Also read: BRIEF-Draegerwerk sees FY net sales growth at lower end of forecast range

Read more

To category page