European shares hit three-month high, helped by positive company updates

martes 19 de abril de 2016 11:02 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 details, updates prices)

* FTSEurofirst 300 index over 1 pct

* L'Oreal, Publicis after positive updates

* Miners hit highest since November

By Atul Prakash and Danilo Masoni

LONDON/MILAN, April 19 (Reuters) - European shares rose to three-month highs 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 4.9 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 1435 GMT, the pan-European FTSEurofirst 300 index was up 1.4 percent at 1,374.3 points after touching 1,376.06, its highest level since Jan. 7.

The European basic resources index rose 3.5 percent to its highest since November, with sentiment improving after Rio Tinto reported an 11 percent rise in first quarter iron ore shipments.   Continuación...