LONDON — Europe’s stock markets were varied in trading Thursday morning.
The FTSE 100 in London gained 0.2 percent to 6,825.39, while the CAC 40 in Paris was up 0.1 percent to 5,068.12.
The DAX in Frankfurt lost 0.1 percent to 11,993.88 and the FTSE MIB in Milan fell 0.2 percent to 23,323.76.
Fashion, luxury and retail stocks had a generally upbeat morning.
Marks & Spencer was the top performer on London’s FTSE 100, gaining 5.5 percent to 5.59 pounds after the British retailer reported a 1.9 rise in its Q4 group sales. Its closely watched general merchandise category, which includes clothing, rose 1.3 percent over the quarter, and 0.7 percent on a same-store basis.
Analysts at Bernstein in London said in a research note that “the strong performance in general merchandise [same-store sales] is a strong sign of improvement for M&S and unexpected given recent market share trends.”
Other risers numbered Jimmy Choo, 2.2 percent to 1.71 pounds; Aeffe, 1.4 percent to 2.33 euros; and Richemont, 0.8 percent to 79.10 Swiss francs.
By contrast, Indian online retailer Koovs, which is listed in London, saw its shares tumble 44.3 percent to 0.66 pounds. The fall followed a trading update Thursday in which the retailer said that its expected net sales would rise 268 percent to 2.65 million pounds, or $4.3 million in the year to March 31, but that its marketing costs for the year would be higher than expected, amounting to 3.2 million pounds, or $5.2 million, “reflecting the pace of growth in the Indian economy,” said Koovs’ chairman, Waheed Ali. Ali noted the company would seek further funding “to realize the potential of the business and the market.
Also down were Internet retailers Yoox Group, 2.3 percent to 27.54 euros; and Asos, 1.6 percent to 36.68 pounds.
At 11.30 a.m. CET, the pound traded for $1.48, while the euro changed hands for $1.09 and the Swiss franc for $1.04.