European shares inch up, lifted by Credit Suisse gains

miércoles 23 de marzo de 2016 07:57 GYT

* Credit Suisse rises on new cost-cutting plans

* Poste Italiane, Kingfisher rise after earning updates

* William Hill slumps after warning of lower profits

* Travel, leisure stocks underperform after Brussels attacks (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. Updates prices, adds details)

By Sudip Kar-Gupta

LONDON, March 23 (Reuters) - European shares rose slightly on Wednesday after a dip in the previous session following deadly attacks in Brussels, with Credit Suisse stock climbing after news the banks was cutting costs further.

The pan-European FTSEurofirst 300 index rose 0.4 percent to 1,343.06 points at 1131 GMT, while the euro zone's blue-chip Euro STOXX 50 index advanced 0.5 percent.

Credit Suisse rose 1.7 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.

"It is positive that Credit Suisse is taking more action and reducing risk weighted assets in global markets," said RBC Europe analyst Fiona Swaffield.   Continuación...