European shares end higher led by H&M and Shire
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* FTSEurofirst 300 index gains 0.8 percent
* H&M advances after encouraging update
* Healthcare top sectoral gainer led by Shire
By Atul Prakash and Danilo Masoni
LONDON/MILAN, April 6 (Reuters) - European shares rose on Wednesday after steep declines in the previous session, with the retail sector boosted by a smaller-than-expected fall in profits at Hennes & Mauritz.
Shares in the world's second biggest clothes retailer rose 5.4 percent after it said the impact of U.S. dollar strength had started to wane and should turn neutral or slightly positive by the fourth quarter.
The healthcare index was the top sectoral gainer, up 2.4 percent, after U.S. drug maker Pfizer pulled out of a $160 billion deal to buy Allergan, in a victory for U.S. President Barack Obama's drive to stop tax-dodging corporate mergers.
Shire, which plans to buy Baxalta in a $32 billion cash and stock deal that will make it one of the world's leading rare disease specialists, ended up 5.2 percent. Continuación...