Tuesday, July 24, 2007

European Retail Stocks Drop; Next, Kingfisher, Sports Direct Lead Slide

(Bloomberg) -- European retail stocks fell, led by
Next Plc and Kingfisher Plc, as floods devastated parts of
central England.

Sports Direct International Plc tumbled 16 percent after the
U.K.'s biggest sporting-goods retailer said it expects the
weather to weigh on earnings. ARM Holdings Plc and Infineon
Technologies AG led chipmakers lower after Texas Instruments Inc.
of the U.S. reported a drop in profit and revenue that missed
analysts' estimates. MAN AG paced advancing shares after Merrill
Lynch & Co. recommended buying shares in the German truckmaker.


Read more at Bloomberg Stocks News

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