STOCKS NEWS EUROPE-Sodexo slides on 2010 outlook

Shares in French catering services company Sodexo (EXHO.PA) are down 6 percent, the second biggest losers on Europe's FTSEurofirst 300 .FTEU3, after the company says fiscal 2010 sales growth will be flat on a like-for-like basis. "The flat organic growth is three to five percent below expectations," says Exane analyst Matthias Desmarais.

Sodexo shares are down 2.2 percent year-to-date, underperforming the DJ STOXX Travel and Leisure index .SXTP, which is up 9 percent over the same period.

After about 15 minutes of trading, the volume on Sodexo shares already represents 73 percent of the stock's 90-day average daily volume.

For more double click on [ID:nLA607471]

Reuters Messaging rm://lionel.laurent.reuters.com@reuters.net