Updated from 6:20 a.m.
LONDON (TheDeal) -- European stocks retreated on Wednesday, as investors digested weak earnings from companies including mining giant Glencore (GLCNF) and Danish brewer Carlsberg (CABGY). The German parliament voted to approve the latest Greek bailout deal.
In London, the FTSE 100 was down 1.01% at 6,460.46, while on the mainland the DAX slid 1.19% to 10,786.42 in Frankfurt and the CAC 40 lost 1% to 4,921.45 in Paris.
The German Bundestag voted in Berlin to endorse a third bailout package for Athens, in time for a green light from the European Stability Mechanism later today. German Chancellor Angela Merkel overcame some rebellion within her ruling Christian Democrat party to secure the bailout approval.
Pushing London stocks lower in morning trading, Glencore slumped more than 6% after posting a 56% drop in first-half profit amid falling oil prices.
Nevertheless, CEO Ivan Glasenberg insisted the company is "well positioned to benefit from any improvement in pricing when it finally and inevitably materializes."
In Copenhagen, Carlsberg fell nearly 8% after the world's fourth-largest brewer downgraded its full-year outlook on the back of a tough second quarter as beer volumes in Russia and Ukraine declined.
Carlsberg said it expects organic operating profit to "decline slightly," compared to a previous forecast of mid- to high-single digit growth, though the supervisory board plans to recommend leaving the dividend unchanged.
In Copenhagen, Vestas Wind Systems (VWDRY) was down 1.3%. The stock had risen earlier in the morning after releasing better-than-expected second-quarter results, including a strong order intake, and reiterating its full-year guidance.
Adding to Wednesday's overall blue mood, Norway's sovereign wealth fund -- which owns 1.3% of the world's listed companies -- posted its first loss in three years amid falling global stock and bond markets.
Among risers, Danish drugmaker Lundbeck (HLUYY) jumped more than 15% after announcing major restructuring it said would save 3 billion Danish kroner ($445 million a year) starting in 2017.
The company, which specializes in medicines for psychiatric and neurological disorders, said it will cut around 1,000 jobs -- or about 17% of its workforce -- as it seeks to boost profitability and develop better treatments for patients.
And finally, Raiffeisen Bank International (RAIFY) added 8.03% on stronger-than-expected first-half results, while insurer Admiral (AMIGY) rose 5.39% in London as investors welcomed news of a higher dividend and strong first-half earnings.
After the close of European trading, attention will shift to the U.S., where the Federal Reserve is due to publish minutes from its July meeting.