(Updates futures prices, adds company news)
LONDON, June 25 (Reuters) - European shares were expected to extend the previous session's losses on Thursday, with lingering concerns of a Greek debt default following a lack of progress in negotiations with its creditors seen prompting investors to trim their exposure to riskier assets.
At 0647 GMT, futures for the Euro STOXX 50 STXEc1 , France's CAC FCEc1 and Germany's DAX FDXc1 were 0.6 to 0.7 percent lower. Britain's FTSE 100 futures FFIc1 fell 0.3 percent.
IG said in a note that Greek uncertainty was once again keeping investors at bay.
"Optimism around a Greek deal had been driving price action all week but a stall in the negotiation process has put the brakes on the rally."
Euro zone finance ministers accused Athens on Wednesday of refusing to compromise despite a deadline next week that could put it on a path out of the euro zone. European Union leaders are due in Brussels for a summit on Thursday. ID:nL8N0ZA0L3
A senior official of Greece's ruling Syriza party on Thursday attacked the latest proposals from international lenders as "blackmail". ID:nA8N0Z300S
The pan-European FTSEurofirst 300 index .FTEU3 closed down 0.4 percent on Wednesday, with the euro zone's blue-chip Euro STOXX 50 index .STOXX50E also down 0.4 percent.
COMPANY NEWS
BAYER BAYGn.DE
The German drugmaker plans to list its plastics division as early as October to take advantage of current rich stock market valuations, according to sources familiar with the deal. ID:nL8N0ZA3YL
The U.S. Food and Drug Administration said it would discuss the safety and effectiveness of Bayer AG's contraceptive device, Essure, in a public panel meeting after receiving more than 5000 complaints, including those of deaths and pregnancies. ID:nL3N0ZA55F
TELECOM ITALIA TLIT.MI , TELEFONICA TEF.MC , VIVENDI VIV.PA
Vivendi said on Wednesday it raised its stake in Telecom Italia to 14.9 percent, replacing Telefonica as its biggest shareholder and gaining a foothold in a country it said had significant growth prospects. ID:nL8N0ZA4MW ID:nI6N0Z100F
BOUYGUES BOUY.PA , ALTICE ATCE.AS , NUMERICABLE-SFR NUME.PA
Martin Bouygues told Le Figaro newspaper in an interview that Bouygues Telecom was not for sale and that the business was ready to do battle after four terrible years. He added that he had seen "considerable difficulty" for Altice in making the takeover of Bouygues Telecom happen and that it was imprudent to assume that competition authorities would have allowed it. BOUY.PA
HENNES & MAURITZ HMb.ST
The world's second-biggest fashion retailer reported a fiscal first-quarter pretax profit roughly in line with expectations on Thursday and said sales so far in June were up 14 percent. ID:nFWN0ZB008
STANDARD LIFE SL.L
The insurer announced its intention to close its insurance business in Singapore. ID:nFWN0ZA05B
AIRBUS AIR.PA
Saudi Arabian Airlines will take delivery of 50 aircraft from Airbus in the largest aviation deal to be secured via Islamic financing, as the European planemaker tries to gain an edge over rival Boeing (NYSE:BA) BA.N in the key Gulf aviation market. ID:nL8N0ZB01W
ALCATEL-LUCENT ALUA.PA
EU antitrust regulators are asking telecoms equipment customers whether Finnish telecoms equipment maker Nokia's NOK1V.HE 15.6 billion euro bid for French peer Alcatel-Lucent would be bad for the market. ID:nL8N0ZA45L
ELECTROLUX ELUXb.ST
Swedish appliances maker Electrolux is looking for a replacement for its Chief Executive Keith McLoughlin, who is going to step down on his own initiative, business daily Dagens Industri reported on Thursday. ID:nL8N0ZB0AQ
TESCO TSCO.L
Private equity firms Affinity Equity Partners, Carlyle Group CG.O and CVC Capital Partners were among 7 to 8 preliminary bidders for Tesco's South Korean unit, a Korean newspaper reported on Thursday.
ROYAL DUTCH SHELL RDSa.L
The company has recently held talks in Iran to discuss business cooperation with the oil and gas-rich country should international sanctions on Tehran be lifted. ID:nL8N0ZA4H6
DEBENHAMS DEB.L
British department store chain Debenhams said it remained on track to deliver full year results in line with market expectations despite seeing no underlying sales growth over its third quarter. ID:nFWN0ZB009
ACTELION ATLN.VX
The company said data on multiple sclerosis drug ponesimod showing that the cardiodynamic first-dose effects of the drug are mitigated by the new gradual up-titration will be presented at a drug conference in Madrid this week. ATLN.VX
DEUTSCHE BANK DBKGn.DE
Global Transaction banking is likely to evolve into the second-largest driver of profits, behind investment banking, for the German lender, executive Werner Steinmueller told German daily Handelsblatt.
DAIMLER DAIGn.DE
Daimler Trucks' full order books in the United States and western Europe are helping to more than offset weak markets in Asia and Latin America. ID:nL8N0ZA3ML
STATOIL STL.OL
Norway's Statoil said if Germany phases out some highly polluting coal-fired power capacity in order to meet its climate goals it would be an encouraging sign for producers selling gas to Europe's biggest economy. ID:nL8N0Z81J5
MACROECONOMIC DATA/EVENTS (GMT) ECON :
0600 DE Gfk Consumer Sentiment
1230 US Initial Jobless Claims
1345 US Markit Flash PMI ------------------------------------------------------------------------------ > Asian shares, dollar edge down as markets eye Greece MKTS/GLOB
> Wall St ends broadly lower on Greek debt concerns .N
> Nikkei slips from 18-1/2-yr high, sentiment remains positive .T
> Prices rebound on lack of progress in Greek debt talks US/N
> Dollar dips, awaits cues from data after paring gains on Greek impasse FRX/
> Gold ticks up from 2-week low as market eyes Greece GOL/
> London copper rises in thin trade, Greece deal eyed MET/L
> Crude prices steady, U.S. oil stocks data disappoints O/R