European equities start sideways

European equities start sideways

On Monday, European equities started sideways, with Madrid's bourse supplanting its rivals for another trading session as the everlasting crisis in Catalonia kept taking its toll.

The STOXX 600 edged up 0.1%, Spain's benchmark IBEX declined 0.5%, with financial institutions, including BBVA sliding 1.2% and Banco Santander decreasing 0.8%, thus taking the most points off the benchmark.

Other European equities moved in different directions. In London, FTSE 100 lost 0.1%, Germany's DAX and Paris's CAC 40 broadly stood still.

Securitas turned to be the leading gainer of the STOXX, with a 4.2% soar after it posted third-quarter revenues, followed by UK engineering group GKN, inching up 3.3% following a report that it was considering dividing into two listed companies.

A revenue warning suppressed UK car dealership chain Pendragon, making it lose 19%.

The overall number of revenue warnings issued by UK companies ascended to 75 during the third quarter, which is the greatest quarterly ascend in nearly six years because economic pressures put pressure on retailers as well as support service companies, as business services group EY informed on Sunday.

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