European Stocks Little Changed After Rally; H&M Declines
This article is for subscribers only.
European stocks were little changed, after a two-day rally, as retailers fell, while food and beverage companies climbed.
Hennes & Mauritz AB lost 4.3 percent after reporting quarterly profit that missed analysts’ estimates. Babcock International Group Plc posted the biggest drop in four years after agreeing to buy private equity-owned Avincis Group. United Internet AG added 5 percent after saying that earnings jumped 25 percent last year. Marine Harvest ASA rose 2.4 percent after the salmon farmer agreed to sell U.K. farming assets to Cooke Aquaculture Inc.