Russian Sanctions Hurt European Indices; Bid Hopes Propel U.K.’s ITV

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Russian Sanctions Hurt European Indices; Bid Hopes Propel U.K.’s ITV

Russian Sanctions Hurt European Indices; Bid Hopes Propel U.K.’s ITV
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Russian Sanctions Hurt European Indices; Bid Hopes Propel U.K.’s ITV

by TheStreet 2:36 mins

European stock indices slide, following a lackluster day in Asia, after the U.S. and the European Union expanded sanctions against Russian interests to punish the country for its alleged support of separatists in Ukraine. Pockets of takeover interest boost individual stocks, including the U.K.’s ITV, the TV network behind Downton Abbey, where stake building by Liberty Global ignites bid excitement. In the automotive sector a report of talks about an ambitious-looking takeover of Fiat by VW boosts shares in the Italian company. And in Frankfurt rising cloud software revenue lifts SAP.

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