COVID-19 shock seen halving Europe's second-quarter corporate profits

LONDON (Reuters) - The profits of Europe's biggest listed firms are expected to halve in the second quarter, as lockdowns implemented across the continent to curb the spread of the COVID-19 pandemic triggered a massive recession, I/B/E/S data from Refinitiv showed. Companies listed on the pan-European STOXX 600 are now seen reporting a decline in earnings of 50.8% between April and June as analysts continue to adjust their models for the worst. Such a performance would be the worst since..