European shares rise led by Pandora, Credit Suisse; Athens outperform

martes 10 de mayo de 2016 06:28 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) Updates prices)

* FTSEurofirst 300 index up 1.3 percent

* Greek shares outperform broader market

* Pandora surges after strong results

* Credit Suisse jumps on lower than expected loss

By Atul Prakash

LONDON, May 10 (Reuters) - European shares advanced on Tuesday, with Danish jewellery maker Pandora surging after strong results and bank Credit Suisse gaining after a smaller than expected first quarter loss.

The FTSEurofirst 300 index was up 1.3 percent by 1008 GMT, while Greek shares rose 2.5 percent after euro zone finance ministers offered to grant Greece some debt relief.

Eearnings reports set the tone of the market, with Pandora up 9.9 percent after reporting a bigger than expected rise in first-quarter operating profit on strong sales growth and raising its full-year forecast.   Continuación...