[LONDON] European shares jumped on Wednesday as investors bet British lawmakers would vote to reject a disorderly no-deal Brexit, but underwhelming results from Inditex and Adidas kept gains limited. Read more at The Business Times.
"I think a lot of people who don't have to be invested in the UK are sitting this one out for the moment", he added.
"This process of adjusting their store estate is surprising investors and happening faster than people expected," said Alistair Wittet, European equities portfolio manager at Comgest, which holds 11.19 million shares in Inditex and is the 13th biggest investor according to Refinitiv data. Germany's Adidas lost 2.4 per cent after announcing supply chain issues would hit its sales growth in the first half of 2019, particularly in North America.
"The scope seems to be getting deeper and longer in time than was originally thought," Neil Campling, head of telecoms, media and tech research at Mirabaud Securities' Global Thematic Group, said of the allegations against the German payments firm.
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