Pandora, Credit Suisse lift European shares, Athens outperforms

martes 10 de mayo de 2016 12:30 GYT

* FTSEurofirst 300 index ends up 0.9 percent

* Greek shares hit 2016 peak on debt relief offer

* Jeweller Pandora raises forecast, stock soars

* Credit Suisse jumps on smaller-than-expected loss (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). Adds closing prices)

By Atul Prakash and Danilo Masoni

LONDON/MILAN, May 10 (Reuters) - European shares rose on Tuesday, lifted by news of progress on Greek debt talks, with Danish jeweller Pandora surging after strong results and Credit Suisse gaining after a smaller-than-expected loss.

The FTSEurofirst 300 index ended up 0.9 percent, while Greek shares rose 3.1 percent to their higest level this year after euro zone finance ministers offered to grant Greece some debt relief.

Earnings reports set the tone of the market, with Pandora up more than 11 percent after reporting a bigger-than-expected rise in first-quarter operating profit on strong sales growth and raising its full-year forecast.

"The main positive takeaway is the early upgrade of full-year expectations," Nordea analyst, Patrik Setterberg, said.   Continuación...