Enterprise Inns drops nearly 8 percent on broker downgrade

European equities markets were mixed Wednesday to end the first quarter of 2010.

The FTSE 100 added 0.13 percent to 5,679.64 in London, but the FTSE 250 was 0.2 percent lower to 10,165.28.

The travel and leisure sector was mostly lower, led by pubs operator Enterprise Inns (LSE: ETI), which dropped 7.62 percent on a broker downgrade from “hold” to “sell”, while Punch Taverns (LSE: PUB) was also down, falling 4.76 percent on the session.

Also in the travel and leisure sector, bus and rail transport operator FirstGroup (LSE: FGP) was down 4.16 percent after it warned that its profits will be affected by bad weather in the US and in the UK at the end of last year.

Most banks saw gains, led by Lloyds Banking Group (LSE: LLOY) with a gain of 2.3 percent, while most miners also advanced, led by Randgold Resources (LSE: RRS), which added 2.06 percent on the session.

The biggest gainer in London was Gartmore Group (LSE: GRT) as the investment manager gained 7.76 percent to top the winners list on the 250, but it only made back part of the more than 30 percent it lost yesterday.

British Sky Broadcasting …

Read the original article at Fnancemarkets

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