European stocks inch higher as inflation concerns dominate market sentiment; Greggs tumbles 10%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 09 2025
0mins
Source: CNBC
European Market Overview: European stocks showed slight gains amid concerns over inflation, with the Stoxx 600 index up 0.09% while retail stocks fell by 2.03%. Major indices were mixed, with the UK's FTSE 100 rising and Germany's DAX declining slightly.
Company Performance Highlights: B&M European shares dropped 13% after lowering profit forecasts due to declining UK sales, while Greggs' shares fell 10% despite reporting record sales of over £2 billion, which fell short of analyst expectations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
