Food and beverages firms push European stocks to new highs

jueves 26 de febrero de 2015 13:32 GYT

* FTSEurofirst 300 ends 1 pct higher, hits new 7-yr high

* Germany's DAX share index sets new record high

* InBev leads food and beverages stocks higher

* Royal Bank of Scotland falls after reporting losses

By Atul Prakash

LONDON, Feb 26 (Reuters) - Major European share indexes climbed to new multi-year highs on Thursday, with the world's largest brewer Anheuser-Busch InBev leading the food and beverages sector higher after announcing a sharp dividend hike and a share buyback plan.

Germany's DAX set a new life-time high, the pan-European FTSEurofirst 300 and the broader STOXX 600 share indexes climbed to their highest level in more than seven years, and France's CAC touched its highest level since mid-2008.

Belgium-based InBev rose 3.1 percent after proposing a total dividend of 3.00 euros for 2014, a jump from 2.05 euros for 2013, and detailing a $1-billion share buyback plan. The STOXX Europe 600 Food and Beverages index advanced 2.2 percent, the top sectoral gainer.

The broader stock market also got some boost from a rally in mining shares. The European basic resources index gained 0.7 percent as copper hit a six-week high after Chinese trading resumed following a break. Zinc and aluminium both rose about 0.6 percent.   Continuación...