European stocks extend losses as Vodafone sinks
PARIS, July 22 |
PARIS, July 22 (Reuters) - European stocks extended their losses on Tuesday around midday, as telecom shares tumbled after Vodafone's (VOD.L) revenue warning.
Shares in Vodafone (VOD.L),the world's largest mobile phone company by revenue, shed 14 percent after it lowered its outlook for full-year revenue to around the bottom of a previously forecast range.
At 1045 GMT, the FTSEurofirst 300 .FTEU3 index of top European shares was down 1.6 percent at 1,151.65 points, snapping a four-session winning run.
(Reporting by Blaise Robinson)
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