BUZZ-SBM Offshore spikes higher in choppy trading

jueves 27 de noviembre de 2014 08:47 GYT

** SBM Offshore spikes higher as much as 5.1 pct on volume with traders citing reports saying Petrobras did not find evidence of bribery in ongoing case

** Shares off highs of the day, last up 3.8 pct.

** Investigation related to graft scandal that has hit shares of Brazil's state-run oil producer

** Traded volumes at 1.3 times five-day average at 1230GMT, among the highest on Stoxx 600

** SBM Offshore settled a long-running bribery investigation with Dutch authorities earlier in the month for $240 mln (193 million euros) and said U.S. authorities had dropped their probe

** Latest statement on case from SBM: