European stocks were little changed, after a two-day rally, as retailers fell, while food and beverage companies climbed.Hennes & Mauritz AB lost 4.3 percent after reporting quarterly profit that missed analysts™ estimates. Babcock International Group Plc posted the biggest drop in four years after agreeing to buy private equity-owned Avincis Group. United Internet AG added 5 percent after saying that earnings jumped 25 percent last year. Marine Harvest ASA rose 2.4 percent after the salmon farmer agreed to sell U.K. farming assets to Cooke Aquaculture Inc.
The Stoxx Europe 600 Index gained 0.1 percent to 331.4 at the close of trading in London, after jumping 2 percent in the past two days. The gauge is down 2 percent this month, its biggest decline since June, amid tension between Russia and the West over Ukraine.
The U.S. and the European Union have imposed financial sanctions on Russian and Ukrainian officials as well associates of President Vladimir Putin, leaving open the threat of broader measures targeting Russia™s energy and financial sectors.
Copy Source : Bloomberg
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