Thursday, July 26, 2007

European shares extend losses, insurers weigh

(Reuters) - European shares extended their losses at midday on Thursday as gains in major oil company shares were offset by declines in insurance stocks such as Legal & General, while credit worries prevailed.

Royal Dutch Shell gained 2.3 percent after second-quarter profit jumped, while Legal & General dropped 6.3 percent after the size of a share buyback disappointed investors.


Read more at Reuters Africa

No comments: