Europe shares steady; Credit Suisse surges after naming new CEO

martes 10 de marzo de 2015 04:52 GYT
 

* FTSEurofirst 300 down 0.05 pct, hovers below 7-year lows

* Prudential head Tidjane Thiam to become Credit Suisse's CEO

* EDF recovers as French economy min excludes merger with Areva

By Blaise Robinson

PARIS, March 10 (Reuters) - European stocks were steady in early trading on Tuesday, while shares in Credit Suisse soared 7 percent after it named a new chief executive.

The Swiss lender said it had hired Prudential head Tidjane Thiam as the first African to lead a global investment bank, with the job of reviving a company reeling from U.S. penalties and under increasing regulatory scrutiny.

"Credit Suisse has had different issues throughout the years and someone with a diverse background could look at its strategy with a fresh pair of eyes," said Sally Yim, vice president at Moody's Investors Service.

German reinsurer Hannover Re also featured among the top gainers, up 3.8 percent after it raised its dividend to 4.25 euros per share from 3 euros by offering a special dividend payment after record net income for the year.

Shares in French utility EDF rose 2.8 percent after Economy Minister Emmanuel Macron told Reuters late on Monday the government has no plans to merge EDF with loss-making nuclear group Areva, although the two groups could forge an industrial alliance and EDF may consider a capital investment in Areva's reactor business.   Continuación...