European shares rise on strong earnings, SocGen leads the gainers

miércoles 5 de agosto de 2015 04:48 GYT
 

* FTSEurofirst 300 up 0.7 pct, Euro STOXX 50 up 0.7 pct

* SocGen jumps more than 9 pct after Q2 results

* Mining shares rise on rating upgrade

By Liisa Tuhkanen

LONDON, Aug 5 (Reuters) - European shares rose on Wednesday, led higher by Societe Generale, which jumped more than 9 percent after posting its second-quarter results.

The French bank reported better-than-expected earnings and said it would target a slightly larger cushion of capital and higher cost savings.

Among other individual gainers, Nivea maker Beiersdorf rose 2.6 percent after beating profit expectations.

And London-listed mining companies BHP, Rio and Glencore added between 1.8 and 2.7 percent after Liberum raised its rating on the mining sector to "hold".

The pan-European FTSEurofirst 300 index was up 0.7 percent by 0806 GMT, while the euro zone's blue-chip Euro STOXX 50 index rose 0.8 percent.   Continuación...