- Express Shares Fall 21% on Weak Q3, Guidance
- G-III's Q3 Beats Street; Ups Outlook
- Kering in Talks to Sell La Redoute to Managers
LONDON — European stock markets were broadly flat in mid-morning trading on Friday.
The FTSE 100 in London edged up 0.3 percent to 6,547.09, while the remaining three markets were down.
The DAX in Frankfurt and the FTSE MIB in Milan both eased 0.1 percent to 8,307.61 and 17,124.46, respectively, while the CAC 40 in Paris was virtually flat at 4,062.78.
The euro traded at $1.34 against the dollar, while the pound fetched $1.55 and the Swiss franc equaled $1.09 at 12:00 p.m.
Retail and luxury stocks put on a mixed show, with the morning’s biggest gainers including Geox, up 1 percent to 2.02 euros; Brunello Cucinelli, which rose 2.1 percent to 21.87 euros, and Gemfields, up 1.5 percent to 0.26 pounds.
Among the stocks that lost the most ground were Mulberry Group, down 1.6 percent to 10.29 pounds, and Next plc, down 1.3 percent to 49.35 pounds.