(MENAFN- Saudi Press Agency) European shares dropped for a seventh straight session on Wednesday to trade near a 3-1/2-month low, with French IT services company Capgemini falling sharply after saying it raised 505.8 million euros ($573 million) in a capital increase, according to Reuters.
Capgemini shares fell 2 percent, putting pressure on European technology stocks, which were down 1.2 percent and were the biggest sectoral decliners in Europe.
Shares in Weir Group also dropped 2.8 percent after the Scottish industrial engineering company said the second quarter was proving to be very challenging for its oil & gas division.
The FTSEurofirst 300 index of top European shares fell for a seventh straight session and was down 0.4 percent at 1,516.85 points by 0714 GMT. The index ended 0.4 percent lower in the previous session after falling to 1,507.72, its lowest level since mid-February.
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