European stocks were steady on Thursday, with shares in carmaker Volkswagen building on a rebound in the previous session following the departure of its chief executive after VW's emissions data problems.
The pan-European FTSEurofirst 300 index was flat while the euro zone's blue-chip Euro STOXX 50 index was up by 0.2 per cent.
Volkswagen shares, which had closed up 5.2 per cent on Wednesday, were up 3.8 per cent following the resignation of Chief Executive Martin Winterkorn after VW’s admission that it deceived US regulators about how much its diesel cars pollute.
However, shares in offshore drilling company Seadrill fell 3.3 per cent after Canaccord Genuity cut its price target on the stock.