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Marks Makes No Sparks But Treasury Wine Bubbles on Bid News

Jonathan Marino
Laura Board
5/20/14 7:59 AM EDT
European stock indices edge lower, led by U.K. shares amid disappointing earnings reports and accelerating consumer price growth. Fund manager pressure mounts on the board of Britain’s No. 2 drugs maker AstraZeneca to entertain a thrice-sweetened $117 billion bid from pharmaceuticals giant Pfizer following a statement from Schroders, while FTSE 100 stalwarts Vodafone Group, the telecom, and variety-store retailer Marks & Spencer both decline after reporting full-year earnings figures. Vodafone says investment will rein in profit in the current year and Marks & Spencer fails to wow shareholders with upbeat commentary on the margin outlook.
Stock quotes in this video: VOD, AZN, PFE, KKR

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