Alstom surge supports European shares despite Ukraine, U.S. growth worries

miércoles 30 de abril de 2014 12:34 GYT
 

* FTSEurofirst 300 flat

* Alstom jumps; among most shorted stocks on Paris bourse

* Persistent Ukraine tension weighs on sentiment

* Stocks under pressure after U.S. GDP (Updates with closing prices)

By Alistair Smout

LONDON, April 30 (Reuters) - Reports of further corporate deal-making supported European shares on Wednesday, despite coming under pressure following a build-up of tension in Ukraine and weak U.S. growth data.

Alstom jumped 9.3 percent after saying it would review a binding offer from General Electric for its energy business by the end of May and left the door open for a competing bid from Germany's Siemens.

Shares in Alstom resumed trading on Wednesday, after being suspended since late last week.

According to data from Markit, 7.1 percent of Alstom shares are out on loan, making it one of the most shorted stocks on the Paris bourse. Short sellers could not close their positions while the stock was suspended.   Continuación...