Dipo Olowookere
By Investors Hub
European stocks have moved modestly lower on Monday amid concerns over the prospect of imminent U.S. sanctions against Moscow.
As far as developments in Syria are concerned, fears of an escalation appear to have faded following the weekend?s U.S.-led airstrikes.
While the U.K.?s FTSE 100 Index has fallen by 0.5 percent, the French CAC 40 Index and the German DAX Index are both down by 0.1 percent.
Advertising conglomerate WPP has fallen in London after its CEO Martin Sorrell stepped down following an allegation of personal misconduct.
Sage shares have also moved to the downside, extending Friday’s 8 percent loss, after the company cut its annual forecast for revenue growth.
Germany’s Software AG has tumbled after posting weaker than expected quarterly revenues at its Digital Business Platform business.
Meanwhile, Hammerson has rallied after Dutch pension fund APG said it would vote against the firm’s proposed 3.4 billion pound takeover of rival shopping centre owner Intu Properties.
Shares of Whitbread have also soared after Elliott Advisors said it has become the largest shareholder in the company.
