April 25 Reuters European stocks slipped on Thursday following mixed earnings from bluechip companies such as Nestle and Deutsche Bank, while big MA news in the mining sector powered Britain39;s FTSE 100 to fresh highs.

The panEuropean STOXX 600 index dipped 0.24 by 0745 GMT, hurt by losses in food and beverage and industrial good sectors.

Tech stocks came under pressure after an underwhelming revenue outlook from U.S. social media giant Meta Platforms overnight.

STMicroelectronics dropped 2.9 after the chipmaker lowered its fullyear sales guidance. Dutch chipmaking parts supplier BE Semiconductor also dropped nearly 3 after it missed firstquarter order expectations.

Nestle dropped 4 after the world39;s biggest packaged food company missed firstquarter organic sales growth estimates.

Deutsche Bank slipped 0.7 while BNP Paribas edged up after the euro zone39;s biggest lenders posted upbeat firstquarter profits.

Britain39;s FTSE 100 touched a record high as miner Anglo American surged on a buyout offer from BHP Group.

Spain39;s main index rose 0.1 after the country39;s Prime Minister Pedro Sanchez said he would briefly step back from public duties to decide if he wants to continue leading the government after a court launched a business corruption probe into his wife39;s private dealings.

Reporting by Johann M Cherian in Bengaluru; Editing by Mrigank Dhaniwala

Source Reuters