Bayer buoys European shares, but Spain underperforms

viernes 28 de febrero de 2014 13:51 GYT

* Spain's IBEX falls 0.5 pct to underperform other markets

* FTSEurofirst 300 ends up 0.2 pct at 1,348.39 points

* ESTOXX 50 rises 0.5 pct to 3,149.23 points

* Bayer buoys FTSEurofirst 300 and Germany's DAX

* DAX close to January's record high

By Sudip Kar-Gupta

LONDON, Feb 28 (Reuters) - Gains at major German drugmaker Bayer propped up European equities on Friday and kept key markets near multi-year highs, although weak earnings in Spain hit the Madrid bourse.

The pan-European FTSEurofirst 300 index closed up 0.2 percent at 1,348.39 points, within touching distance of its 2014 peak of 1,353.47 points, which marked its best level since May 2008.

A 3.1 percent rise at Bayer, after Bayer lifted its estimate for potential sales of new drugs, added the most points to the FTSEurofirst 300.   Continuación...