LONDON (March 7): European shares extended losses on Tuesday on an earnings-heavy day as the biggest fallers Aggreko and Casino were all weighed down by results.
The pan-European STOXX 600 index was down 0.2%, on track to post its fourth straight session of losses.
The five biggest fallers on the STOXX 600 all reported results, with British temporary power provider Aggreko slumping almost 11% after posting a 3% decline in full-year underlying revenue amidst a gloomy outlook for 2017.
Likewise French retailer Casino Guichard also fell 5% after reporting full year earnings, while British equipment hire firm Ashtead dropped 4.5% following figures for the third quarter.
Results also drove gains, with Just Eat jumping 4.4% after the online food delivery company posted a 93% rise in earnings.
The earnings season in Europe has so far been relatively strong, with 55% of companies in major regional markets posting earnings beats, according to Eikon data.