Buoyant StanChart helps Europe stocks bounce back

miércoles 4 de marzo de 2015 05:03 GYT

* FTSEurofirst 300 up 0.4 pct after 1 pct drop on Tuesday

* Fresnillo shares sink after posting 40 pct fall in profit

* "Tactically, Europe is in overshooting mode" -UBS's Riesner

By Blaise Robinson

PARIS, March 4 (Reuters) - European shares rose on Wednesday morning, bouncing back from the previous session's pull-back, with shares of Standard Chartered surging 5.3 percent after the bank said it aims to cut $1.8 billion in costs over three years.

British broadcaster ITV also featured among the top gainers across Europe, rising 5 percent after the group said it plans to return 250 million pounds ($385 million) to shareholders via a special dividend.

Bucking the trend, German consumer goods group Henkel fell 3.8 percent after the group, which is prominent in Russia, struck a cautious note on its 2015 outlook as it expects stagnation in Eastern Europe and further pressure on the Russian economy and currency over the coming months.

Medical technology group Elekta fell 9 percent after it posted lower-than-expected core earnings.

Precious metals miner Fresnillo Plc sank 4.2 percent after posting a 40 percent drop in full-year pretax profit, hurt by falling gold and silver prices.   Continuación...