China boost for Alcatel and Total buoys European shares

jueves 27 de marzo de 2014 11:29 GYT

* FTSEurofirst 300 index edges up by 0.1 pct

* China deals boost Alcatel Lucent and Total

* H&M slides after profit warning

* Alstom suffers on prospect of U.S. penalty (Adds quote, detail, updates prices)

By Alistair Smout

LONDON, March 27 (Reuters) - European equities edged higher on Thursday, lifted by a rise in telecoms equipment maker Alcatel and oil group Total which were both boosted by new Chinese deals.

Alcatel Lucent rose 2.9 percent, making the stock the best performer in percentage terms on the FTSEurofirst 300, after it won a one-year contract worth up to 750 million euros ($1 billion) with China Mobile.

French group Total gained 0.9 percent to hit a new high for 2014 after it also won a Chinese deal, part of a series of agreements struck by leading French companies during a visit to Paris by Chinese President Xi Jinping.

The gains helped the pan-European FTSEurofirst 300 index to edge up by 0.1 percent at 1,321.18 points by 1506 GMT.   Continuación...