European shares fell from six-year peaks on Tuesday after disappointing updates from Cadbury Schweppes and Scottish & Newcastle offset takeover talk in the music and building materials sectors.
Energy stocks also weighed as oil slid 1.3 percent, pressured by the looming end of winter oil demand in the biggest consumer, the United States.
The FTSEurofirst 300 index of top European shares was 0.2 percent lower at 1,547.36 points by 0930 GMT, retreating from a fresh six-year peak of 1,552.59 points set on Monday.
The benchmark index has gained nearly 2.4 percent since the start of the month, and around 4.5 percent since the start of the year, supported by generally better-than-expected economic data and earnings growth, and by mergers and acquisitions.
Read more at Reuters South Africa
Tuesday, February 20, 2007
European shares fall as earnings offset M&A
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