Tuesday, April 17, 2007

European Stocks Retreat From 6 1/2-Year High; Debenhams, Pirelli Slump

(Bloomberg) -- European stocks fell on concern a rally that has sent indexes to 6 1/2-year highs overstates prospects for earnings growth.

Debenhams Plc had its biggest slump in almost a year after Britain's second-largest department-store company said full-year earnings will be below analysts' estimates. Pirelli & C. SpA slid after AT&T Inc. retracted a bid to buy a stake in Telecom Italia SpA's controlling shareholder.


Read more at Bloomberg Stocks News

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