Europe dips on Telekom sale
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European shares dipped Monday as investors digested news that the German government was selling up to 4 billion euros worth of shares in Deutsche Telekom and as news of weak Asian profits hit Philips.
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THE German government has sold a 6.3 per cent stake in phone operator Deutsche Telekom, raising up to Â£3.1 billion to help cut its growing budget deficit.
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European shares inched lower on Friday as a broker downgrade hit STMicroelectronics and volatile oil prices continued to feed economic worries, offsetting solid earnings at utility Veolia.
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European shares eased on Monday despite lower oil prices as the euro at a new record high against the dollar hurt exporters, and BT weighed after the telecoms operator made an acquisition of nearly &#36;1 billion.
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European equities were flat on Friday as losses for technology and telecoms stocks offset gains in the mining and power sectors.
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European shares fell Tuesday after weak German ZEW investor confidence data raised fears economic growth will dwindle and slow consumer buying weighed on the third-quarter results of Philips.
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European equity markets were lower on Monday after an initial defensive-led rally petered out and further losses for technology stocks weighed on sentiment.
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Stake in Deutsche Telekom AG may be sold by Germany for â¬4.45 billion ($5.5 billion) as EU faces finance deficits and seeks for the ways to resolve the problem.
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Deutsche Telekom is changing its  management structure after poor quarterly results revealed that  Europe's biggest telecoms group by sales was no longer growing  in its German home market.
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Deutsche Telekom posted a loss of nearly 900 million euros ($1.18 billion), prompting the company to look abroad for growth.
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European shares dropped on Friday as the euro rallied to a 1-1/2-year high, while French energy services group Technip <TECF.PA) rose on takeover rumors.
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European shares dropped on Friday as  the euro rallied to a 1-1/2-year high, while French energy  services group Technip <TECF.PA) rose on takeover rumors.
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European stock markets drifted lower in early trading as profit-taking set in after recent gains, despite a modest rise on Wall Street and well-received results from cellphone giant Vodafone.
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European equities fell on Thursday as technology shares lost ground after Cisco Systems (NASDAQ:CSCO) in the US warned of weak demand.
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Germany s government will sell shares in Deutsche Telekom AG, Europe s largest phone company, worth as much as 3 billion euros ($3.7 billion). KfW Group, a German state-owned development bank, will also sell as ...
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The European mobile phone games market  is coping with its first slowdown as telecoms carriers shift  advertising spending to mobile television or digital music, and  operators struggle to win new devotees.
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European equities were lower on Monday as technology stocks, industrial groups and financial services companies slipped following gains last week.