European shares dip early
25 February 2015, Nirapad News: European shares dipped in early trading on Wednesday, pausing their recent sharp rally, with Weir Group falling 6 per cent after warning about a significant reduction in revenue in 2015.
At 0806 GMT, the FTSEurofirst 300 index of top European shares was down 0.02 per cent at 1,543.04 points. AXA rose 3.9 per cent after Europe’s second-biggest insurer posted a 12 per cent increase in 2014 net profit. At 0730 GMT, futures for Euro STOXX 50, for Germany’s DAX and for France’s CAC were down 0.06 per cent to up 0.03 per cent.
Spain’s Telefonica said it expected revenue to grow by more than 7 Per cent this year as it reported a 19 per cent drop in 2014 operating income, according to Reuters.