European stocks were little changed

European stocks were little changed, following four consecutive weeks of gains for the benchmark Stoxx Europe 600 Index.

The Stoxx 600 added 0.1 percent to 308.86 at 11:03 a.m. in London as three stocks climbed for every two that dropped. The gauge rallied 1.2 percent last week, reaching its highest level since June 2008, as the Bank of England lifted its growth forecast for Europe's third-biggest economy. Markets in Switzerland, Austria, Denmark, Norway, Iceland and Luxembourg are closed for the Whit Monday holiday.

Ryanair soared 6.3 percent to 6.73 euros after reporting that net income rose to 569 million euros ($732 million) in the 12 months through March 31 from 503 million euros a year earlier. That beat the 560 million-euro average estimate of 19 analysts. Revenue climbed 13 percent to 4.33 billion euros. The company also said that it will use more of its planes than usual next winter, increasing its number of passengers for the year to 81.5 million. That will lift its earnings to as much as 600 million euros.

EasyJet Plc, Europe's second-largest low-cost carrier, rose 4.1 percent to 1,237 pence.

Rheinmetall gained 3.6 percent to 39.47 euros after Deutsche Bank raised the maker of automotive parts to hold from sell. The brokerage forecast that European automakers will produce more cars and trucks in the second half of this year.

Fresnillo, the world's biggest producer of silver, slid 4.2 percent to 1,024 pence. Randgold, a miner in Africa, declined 2 percent to 4,660 pence as gold fell for an eight day.

FTSE 100 6,724.67 +1.61 +0.02%

CAC 40 4,010.95 +9.68 +0.24%

DAX 8,441.74 +43.74 +0.52%