European stocks edge ahead, led by Nestle and Ferrovial

jueves 14 de abril de 2016 13:04 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 ends up 0.3 percent

* Nestle gains as sales growth beats expectations

* Burberry slumps after second-half sales fall

* Ferrovial top gainer after Exane upgrade

By Sudip Kar-Gupta and Danilo Masoni

LONDON/MILAN, April 14 (Reuters) - European shares inched higher on Thursday at the end of a choppy day, with food company Nestle gaining after an encouraging earnings update and Ferrovial leading the advance on a broker's upgrade.

The pan-European FTSEurofirst 300 index, which had risen 2.6 percent to its highest level since March 14 in the previous session, ended up 0.3 percent without making a fresh closing high.

The FTSEurofirst remains down around 6 percent since the start of 2016, as concerns about a China-led economic slowdown hit world stock markets and commodity prices.   Continuación...