CORRECTED-European shares up after recent losses; earnings and M&A support

martes 28 de julio de 2015 06:08 GYT

(Corrects final paragraph to say .. rose 12 percent ..not.. fell 12 percent, and removes words "On the downside" at start of sentence)

* FTSEurofirst 300, STOXX Europe 600 both up 0.4 pct

* RSA Insurance, Melrose and GKN surge on M&A news

* Kering, Statoil up on encouraging company updates

By Atul Prakash

LONDON, July 28 (Reuters) - European shares bounced back on Tuesday, lifted by strong company results and news of acquisitions after falling in the previous five sessions on concerns over China's growth.

The FTSEurofirst 300 index of top European shares was 0.4 percent higher at 1,536.23 points by 0804 GMT after hitting a two-week low in the previous session. The broader STOXX Europe 600 index also rose 0.4 percent.

Shares in Kering surged 6.6 percent after Gucci, the flagship brand of the French luxury and sportswear group, posted a 4.6 percent rise in underlying second-quarter sales.

RSA Insurance Group surged 11.3 percent after Zurich Insurance said it was weighing up a bid for the British group with a market capitalization of 4.4 billion pounds ($6.9 billion). Zurich fell 3 percent.   Continuación...