EBay shares sent spinning lower
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Investors hammer eBay shares after the firm's latest profits fall short of market expectations.
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Technology stocks led European shares  downwards on Thursday after disappointing earnings reports from  sector leaders around the globe.
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Business & money: Index of leading UK shares falls to lowest level since credit crunch began last August
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H&amp;R Block&#39;s (HRB:NYSE - news - research) low-multiple shares cheapened Wednesday as investors tried to digest its explanation for a wide first-quarter earnings miss.
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Leading shares closed lower Tuesday and off session highs as Wall Street was softer with InterContinental Hotels Group down on fading bid rumours, dealers said.
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Slashed earnings estimate pulls down shares.
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Stocks fell on Thursday, led lower by tech shares as investors worried about the impact of a slowing economy on the outlook for profits.
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The FTSE 100 index closed lower again, weighed down by weakness across telecoms and media stocks, while early losses on Wall Street added to the market's woes in afternoon trade, dealers said.
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U.S. stock futures fell throughout the morning  on Thursday, pointing to a lower market open, as disappointing earnings from eBay Inc.  and a lower-than-expected profit forecast from Qualcomm Inc.  weighed on Wall Street.
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Concern that surging commodities costs  were hurting profit margins at companies such as Electrolux and  in sectors including cars and technology pushed European shares  to two-week lows by midday Thursday.
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EBay Inc. on Wednesday missed  Wall Street's earnings expectations for the first time in at  least three years, sending its shares down nearly 12 percent  and taking other Internet stocks lower.
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Shopping.com Ltd., an online comparison shopping service, on Friday lowered the number of shares to be sold by shareholders in the company's planned initial public offering.
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EBay Inc. EBAY.O on Wednesday  missed Wall Street's earnings expectations for the first time  in at least three years, sending its shares down nearly 12  percent and taking other Internet stocks lower.
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London equities fell in opening trade on Monday, with shares in the London Stock Exchange sharply lower on confirmation of its plans to buy Borsa Italiana.
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Leading shares ended a volatile session lower as fears of further rate hikes and an uninspiring start on Wall Street offset pleasing numbers from retailer Next.
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Shares in embattled British bank Northern Rock  tumbled 20 percent to an all-time low on Wednesday as speculation of a cut-price takeover bid combined with stake sales from two investors stoked concerns over its future.
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U.S. stocks fell on Thursday, led by a sharp decline in the tech sector as shares of online auctioneer eBay Inc.  and wireless technology company Qualcomm Inc.  took a beating a day after both companies reported disappointing outlooks.