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Home / Business / European shares of Nestlé inspires updates; Riot hammers Air France

European shares of Nestlé inspires updates; Riot hammers Air France



MILAN (Reuters) – European stocks were aided on Monday's early trading day by some well-earned updates and gains at Nestlé ( NESN.S ) after Swiss-based food giant agreed to a merger Starbucks , ( SBUX.O )

Traders work on the Frankfurt Stock Exchange in Frankfurt on April 6, 201
8. REUTERS / Ralph Orlowski

12 percent decline at Air France ( AIRF. PA ), however, weighed on management turmoil and financial weakness, with the pan-European STOXX 600 index rising only 0.1 percent, while UK markets closed for a holiday, which reduced activity.

Nestlé rose 0.6 percent after paying $ 7.15 billion as part of a global coffee alliance that gives the food group rights to market Starbucks products outside US coffee companies worldwide. [nL8N1SE0ID]

Air France has shrunk by 12 percent after its CEO Jean-Marc Janaillac said on Friday he would resign after the workforce rejected a collective bargaining agreement, plunging the airline into a wave of strikes at its French brand 300 Million Euros.

During the weekend, the French government urged Air France managers and unions to solve the problem. [nL8N1SD0BI]

Elsewhere, the shares in the Danish medical equipment manufacturer Ambu ( AMBUb.CO ) and in the Norwegian independent oil company Aker BP ( AKERBP.OL ) increased by 8.3 and 4, 9 percent each after well-received update updates.

Reporting by Danilo Masoni; Editing by Alison Williams


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