The pan-European Stoxx 600 index ended 0.2 per cent lower, after notching a more than one-week high early in the day
European shares fell on Friday, weighed down by losses in banks and energy stocks as investors became more cautious ahead of the second round of voting in French parliamentary elections.
Fresh polls showed the far-right National Rally party and its allies were still in the lead but looked to fall short of getting an outright majority. The carrier said it flew a record 19.3 million passengers last month, up 11 per cent from a year earlier. Ryanair operated over 106,000 flights in June, despite having to cancel almost 400 flights due to Air Traffic Control delays.
In company news, shares in Crest Nicholson jumped higher following reports it had attracted new bidding interest from rival builder Avant Homes. The oil and gas company nonetheless confirmed that its integrated gas production is expected to meet market expectations. Its share price closed 1.5 per cent lower.The market focus in Europe was quickly shifting from the British election – where the outcome of Thursday’s vote was widely anticipated – to Sunday’s second-round legislative election in France. French stocks fell 0.3 per cent on Friday, but logged their biggest weekly gain since early May.
Futures initially rose after the US Labor Department’s closely watched report showed the unemployment rate ticked higher to 4.1 per cent in June, compared with expectations of it remaining unchanged at 4 per cent.
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