Thursday, May 10, 2007

European shares fall as banks, miners weigh

(Reuters) - European shares edged lower on Thursday as banking and mining stocks declined after widespread bid talk surrounding both Rio Tinto and Societe Generale evaporated.

SocGen shares fell nearly 3 percent, making them the largest drag on the pan-European FTSEurofirst 300 index as speculation ebbed regarding a possible takeover of the company by Italy's UniCredit.


Read more at Reuters Africa

No comments: