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European shares edge lower 2 LONDON
Published in Saudi Press Agency on 18 - 10 - 2004


40 shed 0.28 percent.
Auto makers headed lower as new car registrations in western Europe fell for the fourth consecutive month in October, down 3.5 percent from a year earlier.
France's Peugeot Citroen and Renault were down 1.85 and 0.69 percent respectively. Shares in luxury carmaker BMW were steady, with its sales up nearly 25 percent.
In Britain, shares in tobacco and pubs groups fell ahead of details from the UK government's plans to ban smoking in many public places.
Tobacco firms Imperial Tobacco and Gallaher fell 1.7 percent and 2.6 percent respectively, while Punch Taverns and JD Wetherspoon both fell more than 2 percent.
French retailers advanced following comments from the country's prime minister regarding changes to retailing laws, which eased fears of a price war in the sector. Carrefour jumped 3.6 percent and Casino added 3.8 percent.


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