Mar 31 (Reuters) – European stocks were flat on Wednesday, trading slightly below all-time highs as caution spread among investors following the lackluster London debut of food delivery company Deliveroo and a string of of business results.
The pan-European STOXX 600 Index was up 0.1% at 0817 GMT, on track to end March with a 6.5% gain and the first quarter with a gain of 8.1%.
Deliveroo shares opened well below their initial public offering price, falling as much as 30% to 275 pence. The company priced its IPO at 390 pence a share, valuing the company at 7.6 billion pounds ($ 10.5 billion).
Its continental peers Just Eat Takeaway and Delivery Hero were down 2.7% and 1.9%, respectively.
Textile group H&M was down 1.2% after the Swedish retailer reported a quarterly loss and said it would not propose a dividend at its annual general meeting.
Credit Suisse extended falls for the third day on concerns that its declines are linked to the collapse of the US investment fund Archegos Capital, which failed to meet margin calls.
French business IT provider Capgemini rose 1.9% after raising its medium-term margin targets.
(Information from Sruthi Shankar In Bengaluru; edited by Sherry Jacob-Phillips; translated by Michael Susin at the Gdansk newsroom)