LONDON: European equities retreated from highs on Monday, on concerns the pace of Chinese economic growth may hurt miners while Tesco dragged retailers lower after further lowering its first-half profit forecast.
Tesco fell 10.7%, the top decliner in the pan-European FTSEurofirst 300 index, after cutting its forecast by £250mil (US$408.50mil), its third warning this year, after finding a fault in its accounts.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!