UPDATE 1-European shares lose momentum after early-year rally as retail earnings drag
Published on: Jan. 8, 2026, 3:34 p.m. | Source: Devdiscourse
Retail stocks slipped 1%, snapping a four-day winning streak, while miners fell 1.2% as gold and copper prices eased. DISAPPOINTING EARNINGS SOUR SENTIMENT Shares of AB Foods hit their lowest since April last year and were last down 11.1% after the company warned of lower annual profit due to weak demand at its Primark chain in Europe and subdued U.S. sales at its food business. Britain's competition regulator will also fast-track its probe of the company's deal to buy bread brand Hovis, it said on Thursday.
