Tuesday, July 24, 2007

European Stocks Decline, Paced by Next, Sports Direct on U.K. Floods

(Bloomberg) -- European stocks fell, paced by U.K.
retailers Next Plc and Kingfisher Plc as floods devastated parts
of central England.

Sports Direct International Plc tumbled 19 percent after the
U.K.'s biggest sporting-goods retailer said it expects the floods 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.


Read more at Bloomberg Stocks News

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