LONDON (Reuters) - European shares edged lower on Monday in early deals, though a rise among basic resources stocks helped Britain's FTSE 100 (FTSE) index hit a fresh record high.
The pan-European STOXX 600 index (STOXX) was down 0.1 percent. The FTSE 100 (FTSE) outperformed its continental peers, gaining 0.3 percent to hit a fresh all-time high of 7,239.26 points. The British blue chip index was on track to mark its tenth session of straight gains, having closed at a record level last Friday.
While basic resources (SXPP) was the top-gaining sector rallied 0.3 percent, a 4.3 percent fall in Deutsche Lufthansa's shares (DE:LHAG) weighed on travel & leisure (SXTP) stocks.
British mid cap betting firm William (L:WMH) also fell, 2.8 percent, after reporting profit at the bottom of its guidance range.
Germany's Fresenius Medical (DE:FMEG) was another top faller, down 3.4 percent after it and U.S. rival DaVita Inc (N:DVA) received subpoenas from federal prosecutors investigating their ties with a charity that helps patients pay for kidney dialysis.
A downgrade to "hold" from "buy" from Deutsche Bank (DE:DBKGn) weighed on Babcock International's (L:BAB) shares, sending the engineering firm 3.5 percent lower.