European stocks closed mixed on Monday after Chinese industrial output and retail sales data released over the weekend came in weaker than expected.
On a quiet day for trading, with Germany and its stock market and France closed for the Whit public holiday, , the FTSE 100 was closed up 0.21% at 6,151.40, led by miners Anglo American and Antofagasta. In Paris the Cac 40 fell 0.18% to 4,312.28.
In London power producer Drax closed down 6.8% on a Bernstein downgrade, while in Paris Eutelsat Communications also closed down 6.8% after Morgan Stanley analysts cut their recommendation.
But platinum miner Lonmin closed up almost 20% in London after it said in its first-half results that it was ahead of schedule with its cost cuts. It released the report after a rescue rights issue in November pitched at a 94% discount to the prevailing share price. The company said it had net cash of $114 million as of March 31, compared with $185 million net debt six months earlier.
In Helsinki cranes maker Konecranes (KNCRY) surged almost 18% after it arranged to pay $1.3 billion for the materials handling unit of Terex (TEX) - Get Report as the two sides tore up an August merger deal worth a €1.8 billion ($2.2 billion). The terms of the latest agreement allows Terex to continue talks about a full or partial takeover offer from China's Zoomlion, with Konecranes in line for a $37 million breakup free of the materials handling deal is scrapped by May 31.
Telecom Italia (TI) closed up almost 3% in Milan after the company late on Friday more than doubled its cost-cutting target as it reported a bigger-than-expected decline in first-quarter profit .