LONDON — Europe’s stock markets had another positive start Wednesday morning.
The FTSE MIB in Milan rose 0.7 percent to 22,733.41, while the DAX in Frankfurt gained 0.4 percent to 11,375.93. The FTSE 100 in London was up 0.3 percent to 6,947.02, with the CAC 40 in Paris up 0.1 percent to 4,980.70.
It was a more varied morning for fashion, luxury and retail stocks.
Among the fallers were U.K. supermarket chain Sainsbury’s, which lost 3.4 percent to 2.66 pounds after the retailer reported its first full-year loss in ten years, of 72 million pounds, or $115.9 million, in the year to March 31. One-off costs, such as writing down the value of its stores, contributed to the loss.
Hugo Boss dipped 1.8 percent to 106.99 euros as the firm reported a 7 percent fall in its Q1 net income to 75.6 million euros, or $85.3 million, while Boohoo.com was down 0.9 percent to 0.28 pounds, as the online retailer said Wednesday that its pre-tax profits were up 3 percent to 11.1 million pounds, or $17.9 million, in the year to Feb. 28.
Stocks that gained ground numbered Salvatore Ferragamo, 1.7 percent to 29.02 euros; Tod’s, 1.1 percent to 82.15 euros; and Metro, 0.8 percent to 32.40 euros.
At 11:14 a.m. CET, the pound traded for $1.51, while the euro went for $1.11.