Europe’s markets made small gains in mid-morning trading on Wednesday, with the FTSE 100 in London leading the way.
The group confirmed its outlook for fiscal 2016-2017.
Milan’s FTSE MIB led the downslide.
The final spin-off and public listing of the new companies is planned for mid-2017.
The only retail and luxury stock to gain substantial ground in morning trading Tuesday was Indian online retailer Koovs.com.
The de-merger into Wholesale and Food Specialist and Consumer Electronics groups is expected by mid-2017.
Investors smiled on remarks by the chairman of the U.S. Federal Reserve, who called for a cautious approach to interest rates.