European shares supported by firmer oil, earning updates

martes 26 de abril de 2016 12:40 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)

* Pan-European FTSEurofirst 300 gains 0.2 pct

* UPM, BP up on better-than-expected results

* Banks outperform as StanChart rallies on results

* Air Liquide slumps after unexpected sales decline

By Danilo Masoni and Atul Prakash

MILAN/LONDON, April 26 (Reuters) - European shares ended slightly higher on Tuesday, supported by firmer oil prices and encouraging company results, with pulp and paper maker UPM and oil major BP rallying on better-than-expected figures.

UPM surged 9 percent, the second biggest gain in the pan-European FTSEurofirst 300, after reporting a 34-percent rise in adjusted operating profit in the first quarter.

"In Europe, local bourses are in the black, mostly on the back of a rebound in crude oil prices contributing to the markets risk-on sentiment and on positive corporate earnings surprises from several companies," Oanda currency strategist Dean Popplewell said in a note.   Continuación...