European shares hit multi-year high, industrials up

martes 13 de mayo de 2014 10:16 GYT

* FTSEurofirst 300 index gains 0.2 percent

* Airbus, ThyssenKrupp help industrial shares

* Peripheral euro zone shares under pressure

By Atul Prakash and Blaise Robinson

LONDON, May 13 (Reuters) - European equities rose on Tuesday, with some benchmarks hitting multi-year highs, on upbeat company results and a report that Germany's central bank is ready to back new stimulus measures from the ECB.

Airbus Group surged 6.3 percent in a relief rally after it reported better-than-expected profits and said its latest jetliner was "progressing towards certification" in time for first delivery by the end of the year.

The Franco-German aerospace giant was the top gainer on the pan-European FTSEurofirst 300 index.

Shares in ThyssenKrupp also surged, up 5.3 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.

"The current environment is pretty good for industrials and their shares are likely to perform well going forward," said Christian Stocker, equity strategist at UniCredit in Munich.   Continuación...