European shares lifted by Credit Suisse gains

miércoles 23 de marzo de 2016 05:47 GYT

(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details)

* Credit Suisse rises on new cost-cutting plans

* Poste Italiane up on dividend pledges

* William Hill slumps after warning of lower profits

* Travel, leisure stocks underperform post-Brussels attacks

By Sudip Kar-Gupta

LONDON, March 23 (Reuters) - European shares rose on Wednesday after a dip in the previous session following deadly attacks in Brussels, with Credit Suisse stock climbing after news of more cost cuts.

The pan-European FTSEurofirst 300 index rose 0.5 percent, while the euro zone's blue-chip Euro STOXX 50 index advanced 0.6 percent.

Credit Suisse rose 2 percent after it announced 800 million Swiss francs in additional cost cuts and plans to shrink its investment bank further as it pushes ahead with a restructuring plan aimed at revitalising its earnings.   Continuación...