European stocks pared losses on Thursday as upbeat euro zone business growth data and strong US jobs data lifted sentiment on a dull day of trading, while rating actions and ex-dividend trading knocked UK shares lower. Among the most significant fallers on the day was Ryanair, which finished the session down 4.6 per cent to €16.36. Miners, including Anglo American, BHP Group and Rio Tinto fell between 1.9 per cent and 2.8 per cent. Discount retailer B&M European fell 3.9 per cent after it said trading would likely remain volatile this year and organic growth would likely decline. BT Group fell 1.9 per cent after Deutsche Bank downgraded the telecom group’s stock to “sell,” saying it is overvalued.

Source: The Irish Times June 03, 2021 18:39 UTC