European shares end higher led by H&M and Shire

miércoles 6 de abril de 2016 12:39 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) Adds closing prices)

* 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...