BP, Generali dip (Il Sole 24 Ore Radiocor) - Milan, 09 Jul - In European stock market dealings most sectors were lower, with oil and gas shares leading the losses.

BP dropped 3.94% in London after it warned it expects to post an impairment of up to 2 billion dollars in the second quarter, warning of lower refining margins weighing on its results.

Generali shares slid 1.59% in Milan trade after Jefferies cut its second quarter forecasts for the Italian insurer. Jefferies analysts say they concerned about insurance losses tied to recent natural catastrophes as well as potential pressures on life insurance sectors.

Jefferies also cut its target price to 22 euros from a previous 22.5. However, its forecasts for the dividend yield allow it to maintain a "hold" recommendation on the stock.

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(RADIOCOR) 09-07-24 13:41:01 (0347) 5 NNNN