European shares set 7-year high after Greek rescue deal
* FTSEurofirst 300 up 0.5 pct after setting 7-yr high
* Market sentiment improves after Greece deal
* Dax off record high after Ifo miss
* Britain's FTSE lags after HSBC profit falls
By Francesco Canepa and Atul Prakash
LONDON, Feb 23 (Reuters) - European equities set a seven-year highs on Monday, boosted by a late Friday deal to extend Greece's financial rescue package, although sentiment was dampened by a disappointing German morale survey.
Britain's FTSE 100 index was the only major index to trade in negative territory after HSBC reported a 17 percent drop in annual profit. The bank's shares 5.5 percent lower and weighed on peer Standard Charted.
Athens sealed a deal with euro zone partners to avoid a banking collapse by accepting a conditional extension of its bailout programme and agreeing to present a reform plan, sending European shares sharply higher early on Monday.
The pan-European FTSEurofirst 300 index was up 0.5 percent at 1,532.71 points at 1509 GMT after touching its highest level since early 2008 at 1,535.07. Continuación...