UK stocks : European shares slip as investors cash in on recent gains

Dec 15 2012, 03:42 IST
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SummaryThe FTSEurofirst 300 closed down 0.1 percent at 1,133.36.

its China sales, and traders said the stock was up on hopes that it could benefit from an improvement in the Chinese economic outlook and outperform its rivals.

Dutch chemicals group AkzoNobel was the top-performing stock on the FTSEurofirst 300, rising 7.1 percent on plans to sell a north American unit to PPG Industries for $1.1 billion.

"We see this disposal as a likely trigger event for the stock, removing as it does one of the most troublesome sources of poor returns within the group," Canaccord Genuity analysts wrote in a research note, keeping a "buy" rating on Akzo.

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