European shares steady as Credit Suisse results beat expectations

jueves 23 de julio de 2015 04:22 GYT

* FTSE 300 up 0.1 pct

* Credit Suisse gains 5 pct

* Earnings season gathers pace

By Liisa Tuhkanen

LONDON, July 23 (Reuters) - European shares edged higher on Thursday as Credit Suisse, Unilever and others reported better-than-expected results, as the quarterly earnings season accelerated in Europe.

The FTSEurofirst 300 index of top European shares was up 0.1 percent at 1,587.57 points by 0754 GMT. It fell 0.6 percent in the previous session, dragged down by tech stocks after Apple Inc's revenue forecast fell short of estimates.

Credit Suisse Group AG was the top gainer, up 5 percent, after it posted better-than expected earnings and improved its capital cushion ahead of a strategy shake-up under the Swiss bank's new chief executive.

Another Swiss company, the Zurich-based power and automation firm ABB rose 3.7 percent, its best day since January 2014, despite reporting falling profits as the figure still beat analyst expectations.

Among other gainers, Unilever added 1.9 percent after reporting higher-than-expected second-quarter sales on Thursday, driven by increases in its home and personal care businesses.   Continuación...