European stocks subdued on Orsted profit warning; Carrefour surges

  • Reuters
  • Stock Market News
European stocks subdued on Orsted profit warning; Carrefour surges
Credit: © Reuters.

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Jan 13 (Reuters) - European stocks were little changed on Wednesday as a profit warning from Danish wind farm developer Orsted hit utilities, while French grocer Carrefour jumped following merger talks.

Carrefour SA CARR.PA was up 10.6​​​​​​​% after Canadian convenience-store operator Alimentation Couche-Tard Inc ATDb.TO said it had approached Europe's biggest retailer to discuss a combination. stock topped gains on Paris' CAC 40 .FCHI , which was up 0.2%, while shares in French retailer Casino CASP.PA jumped 6.4%.

Another big gainer was Spanish telecom company Telefonica TEF.MC , which rose over 8​​​​​​​% after it agreed to sell its mobile phone masts in Europe and Latin America to U.S.-based telecom infrastructure operator American Towers for 7.7 billion euros ($9.41 billion) in cash. the pan-European STOXX 600 index .STOXX rose just 0.1%, as utilities were a drag after Orsted ORSTED.CO slumped 7.5​​​​​​​% on warning a return to more normal wind speeds this year would hit operating earnings. German DAX .GDAXI remained muted as Health Minister Jens Spahn said the country will not be able to lift all restrictions imposed to curb the spread of the coronavirus at the beginning of February.

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