European stocks slip as Legrand's results disappoint
European stocks slip as Legrand's results disappoint
Homepage   /    technology   /    European stocks slip as Legrand's results disappoint

European stocks slip as Legrand's results disappoint

🕒︎ 2025-11-06

Copyright Reuters

European stocks slip as Legrand's results disappoint

Nov 6 (Reuters) - European stocks slipped on Thursday, pressured by losses in France's Legrand as it missed sales growth expectations, adding to recent worries around elevated valuations in tech-related companies. Legrand , which makes equipment for data centres, slumped 11.2% and triggered a trading halt after reporting sales growth of 11.9% in the first nine months of the year, slightly below expectations, hit by U.S. tariffs. Sign up here. Other electrical equipment makers, including Schneider Electric (SCHN.PA), opens new tab and Siemens Energy (ENR1n.DE), opens new tab lost about 2% each. More broadly, the pan-European STOXX 600 (.STOXX), opens new tab slipped 0.2% to 570.58 points, as of 0818 GMT. Equities globally had a shaky start to the week, with those in Europe sliding to a more than two-week low, as fears that technology stocks were overvalued enabled some investors to book profits. Among other major movers, Commerzbank lost 2.3% after the lender reported an unexpected drop in third-quarter net profit, hurt by higher tax rates and costs. Zalando

Guess You Like

The M&A LegalTech Boom
The M&A LegalTech Boom
The legal industry is evolving...
2025-10-31
Honda Shine 100 - Engine, Features, Warranty With Price
Honda Shine 100 - Engine, Features, Warranty With Price
If you are looking for a simpl...
2025-10-29
Sonami Announces Presale Developments and Layer 2 Expansion
Sonami Announces Presale Developments and Layer 2 Expansion
Kuala Lumpur, Malaysia, Novemb...
2025-11-06