Amwal Al Ghad English - 2013-09-26 09:18:05
European stock markets moved slightly lower on Thursday as investors awaited U.S. jobs and housing data, amid worries over budget wrangling and debt-ceiling negotiations in Washington.
The Stoxx Europe 600 index slipped 0.1% to 312.68, adding to a 0.1% loss from Wednesday.
Shares of Ladbrokes PLC posted the biggest drop in the index, off 9.1%, after the betting firm said 2013 operating profit for its digital division will fall below current market expectations.
“Our digital earnings have been disappointing, reflecting a lack of competitiveness in sportsbook, lower margins than planned and a greater disruptive impact than expected from the transition necessary to grow digital for the long term,” Chief Executive Richard Glynn said in a statement.
On a more upbeat note, shares of Hennes & Mauritz AB gained 6.5% after the Swedish fashion retailer reported a 22% rise in third-quarter profit and said sales in China had been particularly strong during the period. More»