European shares slip on earnings drag; Burberry leads losses
By JerryPublished On July 15, 2024
European shares moved lower on Monday after a raft of dour updates from companies made investors, already jittery from the assassination attempt on U.S. presidential candidate Donald Trump, more cautious.
The continent-wide STOXX 600 (.STOXX), opens new tab was down 0.1% as of 0844 GMT, snapping a three-session win streak.
Leading losses were shares of Burberry(BRBY.L), opens new tab, down 15.1% after the British luxury group named former Michael Kors boss Joshua Schulman as its new chief executive, axeing Jonathan Akeroyd after two years as it warned on profit and scrapped its dividend.