UPDATE 2-European shares settle below record highs [Reuters (UK)]
REMY COINTREAU UNSP/ADR (REMYY)
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Source: Reuters
European shares settle below record highs - Reuters 4 Min Read (Reuters) - A handful of negative company updates from Britain and France knocked European shares off record highs hit earlier in the session on Friday, while investors grappled with the impact of the coronavirus outbreak on global growth. The pan-European STOXX 600 closed down 0.1% after notching up a new high of 432.26 points in early afternoon trading. London's FTSE 100 .FTSE underperformed its European peers with a 0.6% drop, as drugmaker AstraZeneca ( AZN.L ) forecast a possible slowdown in revenue growth this year, assuming a hit from China's coronavirus epidemic. France's CAC 40 .FCHI fell 0.4% as Barclays downgraded several consumer stocks, saying the outbreak will have major impact on Chinese consumption. Cosmetics group L’Oreal ( OREP.PA ) as well as spirits makers Remy Cointreau SA ( RCOP.PA ) and Pernod Ricard ( PERP.PA ) fell between 0.5% and 1.2% after the rating cut. “The weekend provides plenty of s
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