European shares rebound on bid activity and strong corporate results

martes 28 de julio de 2015 06:45 GYT

* FTSEurofirst and Euro STOXX 50 up over 1 pct

* FTSEurofirst had fallen for last five sessions

* RSA surges on possible bid from Zurich Insurance

* Kering climbs after sales rise

By Atul Prakash

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

The pan-European FTSEurofirst 300 index was up 1.2 percent at 1,548.47 points going into the middle of the trading session. The index had tumbled in the last five sessions and touched a two-week low on Monday.

The euro zone's blue-chip Euro STOXX 50 index also recovered to rise 1.5 percent.

The STOXX Europe 600 Insurance Index advanced 1.6 percent, buoyed by Zurich Insurance's possible bid for rival RSA, which caused RSA shares to surge 15 percent.   Continuación...