European shares hit 3-month high on positive company updates
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* FTSEurofirst 300 index rises 1.2 pct
* L'Oreal gains after positive update
* Miners hit highest since November
By Atul Prakash
LONDON, April 19 (Reuters) - European equities climbed to a three-month high on Tuesday, with a rally in commodities-related stocks and encouraging updates from companies such as French cosmetics firm L'Oreal and advertising group Publicis .
L'Oreal rose 4.7 percent as it pledged to outperform the market in 2016 and confirmed its ambition to achieve another year of sales and profit growth after first-quarter sales rose more than expected.
At 1048 GMT, the pan-European FTSEurofirst 300 index was up 1.2 percent at 1,371.1 points after touching 1,374.88, its highest level since early January.
The European basic resources index rose 2 percent to its highest since November, with sentiment improving after Rio Tinto reported an 11 percent rise in first quarter iron ore shipments. Continuación...