European shares end little changed; Taylor Wimpey, Vodafone rise

martes 17 de mayo de 2016 12:35 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, details)

* FTSEurofirst 300 ends flat after touching two-week highs

* Fiat Chrysler leads auto sector lower after downgrade

* Taylor Wimpey, Vodafone surge after update

* Greek banks rise after upbeat UBS note

By Atul Prakash and Danilo Masoni

LONDON/MILAN, May 17 (Reuters) - European shares steadied on Tuesday with gains in companies such as Taylor Wimpey and Vodafone following encouraging updates and a rally in mining companies offset by a weaker auto sector.

The pan-European FTSEurofirst 300 ended little changed after earlier rising to its highest since early May. The index, which closed flat also in the previous session, is still down over 8 percent this year.

Taylor Wimpey advanced 4.7 percent after the housebuilder announced a new special payout, promising investors about 1.3 billion pounds over three years, underpinned by strong demand for property in Britain.   Continuación...