Thursday, May 3, 2007

European stocks fall, banks outweigh good results

(Reuters) - Among major movers, UBS tumbled after saying it would wind up its loss-making hedge fund arm as its quarterly profit dropped, while Unilever jumped after reporting higher-than-expected quarterly sales.

The FTSEurofirst 300 index of leading European shares was 0.3 percent lower at 1,573.2 points by 1028 GMT, but was still up around 6 percent for the year to date.


Read more at Reuters.com Hot Stocks News

No comments: