European stocks fell on Orsted earnings warning; Carrefour emerges by Reuters

© Reuters. FILE PHOTO: The DAX chart of the German Stock Price Index is displayed on the Frankfurt Stock Exchange.

(Reuters) – European stocks saw little change on Wednesday as an earnings warning from Danish wind farm developer Orsted (OTC 🙂 hit utilities, while French grocery store Carrefour (PA: ) jumped after the merger negotiations. Carrefour SA (OTC 🙂 was up 10.6% after Canadian convenience store operator Alimentation Couche-Tard Inc said it had reached out to Europe’s largest retailer to discuss a combination. The stock outperformed Paris earnings, which rose 0.2%, while French retailer Casino shares rose 6.4%. Another big winner was the Spanish telecommunications company Telefónica (NYSE :), which rose more than 8% after it agreed to sell its mobile phone antennas in Europe and Latin America to the US telecommunications infrastructure operator American Towers for 7.7 billion euros. euros ($ 9,410 million) in cash. However, the pan-European index rose just 0.1% as utilities were a drag after Orsted plunged 7.5% on warning that a return to more normal wind speeds this year would affect operating profit. The German remained silent when Health Minister Jens Spahn said the country will not be able to lift all restrictions imposed to curb the spread of the coronavirus in early February.

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