European shares extend rally; Airbus surges

martes 13 de mayo de 2014 04:08 GYT
 

* FTSEurofirst 300 up 0.2 pct, hits 6-year high

* Airbus surges after better-than-expected results

* Credit Suisse drops on worries over U.S. probe

* First-quarter profits up average 2.5 pct so far

By Blaise Robinson

PARIS, May 13 (Reuters) - European shares inched up on Tuesday, with a key index reaching a six-year high as upbeat company results helped boost sentiment.

Airbus Group surged 5 percent in a relief rally after it reported better-than-expected profits and said its latest jetliner, the A350, was "progressing towards certification" in time for first delivery by the end of the year.

"Airbus Group results are a decent beat... This is a very good start to the year and guidance remains unchanged," Cantor Fitzgerald analyst Andy Chambers wrote in a note.

Shares in ThyssenKrupp also surged, up 5.6 percent after the German steelmaker posted its first quarterly net profit in two years, beating analyst estimates, and raised its forecast for full-year operating profit.   Continuación...