European shares edge down despite recovery in Wall Street, Asia
London: European shares faltered on Tuesday morning in contrast with Wall Street which bounced back for a second day overnight, and as a flurry of corporate results failed to lift indexes.
The pan-European STOXX 600 index was down 0.2 percent by 0830 GMT with most bourses and sectors flat or in negative territory.
The telecoms sector suffered after Telenet reported 2017 results. The Belgian operator fell over 7 percent, the worst performer on the STOXX.
Shares in Gucci owner Kering slid 2.6 percent despite the luxury group reporting stronger-than-expected Q4 sales growth.
On the other hand, shares in French video game producer Ubisoft rose 5.1 percent after a trading update which took it at the top of the STOXX 600.
Randstad, the world’s second-largest staffing company and a bellwether for the economy, saw fourth-quarter core profit rise 15 percent, buoyed by a strong recovery in the European job markets. Its shares gained 0.9 percent.
European travel group TUI rose 2 percent after reporting that summer trading was good with bookings for Greece, Turkey and Cyprus all growing strongly. The travel and leisure sector was among the few to trade in positive territory.
Smelter Aurubis fell about 4 four percent after its results fell short of the average forecast in a Reuters poll.
The Border Roads Organisation has spent more than Rs 1,900 crore on construction and improvement of infrastructure on the north-western and north-eastern borders of India, the government said.
The population of tigers is on the rise, the government said today quoting preliminary census data.
Barely two weeks since launch, BSNL's internet telephony service 'Wings' has received over 4,000 bookings for the new offering that will allow users to dial any phone number in India through a mobile app, starting this week, its Chairman said today.
The National Green Tribunal has directed the Haryana government to restore 123 water bodies in Gurugram and Faridabad districts and assign each one of them a unique identification number within three months.
The government today set up a Group of Ministers (GoM) under Home Minister Rajnath Singh and a panel headed by the Home Secretary to deal with the growing number of lynching incidents.
The station, which was named after Lord Elphinstone, the Governor of Bombay Presidency from 1853 to 1860, has now been renamed in honour of a local deity.
Lavasa -an ultimate getaway, a city that would offer the charms of European locales, with five star comforts in a scenic part of Maharashtra has now become an abandoned town.
A second chargesheet by the ED has confirmed the trail of illegal cash Mallya transferred to his accounts across global tax havens.
Delayed payment by GMR-led DIAL, the Delhi airport operator, to the CISF guards could eventually lead to passengers paying more to fly out of the Indian Capital.
The West Bengal Police has claimed to have busted a Rs 100 crore plus job racket in the Indian Railways following a crucial arrest in the Indian Capital.