European stocks were down again on Tuesday with hours to go until ‘D’ Day for Greece – “D” as in defaulting on its €1.5 billion ($1.67) billion IMF bill due at midnight. Looking at individual stocks, Carpetright gained after the maker of floor coverings and beds said underlying annual pre-tax profit soared 182.6%, pushing earnings per share up 191.5%. Imagination Technologies was also up on a positive outlook for 2016. In Paris, spirits maker Pernod Ricard was lower after predicting slower growth this year mainly blaming a volatile environment in Russia.
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