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At the end of a volatile week, the pan-European STOXX 600 index rose 0.6%, on course to post small weekly gains, helped by defensive sectors such as healthcare and telecoms.
German online fashion retailer Zalando slumped 16.8% to a more than three-year low after it lowered its 2022 outlook, citing deteriorating macro conditions and consumer confidence.
Italy’s Saipem dropped 6.3% after the energy services group said it would have financial resources available for less than one year if its plans to raise capital did not go through.
Barclays (LON:BARC) inched up 0.2% after it announced it had struck a deal to acquire specialist lender Kensington Mortgage Company, to extend its reach in Britain’s buoyant housing market.
