SAB, Raiffeisen help European shares edge higher after results

jueves 22 de mayo de 2014 03:58 GYT
 

* FTSEurofirst 300 up 0.2 pct

* France's CAC underperforms after weak data

* Dovish Fed underpins sentiment

* SABMiller, Raiffeisen rally after results

By Francesco Canepa

LONDON, May 22 (Reuters) - European stocks edged higher on Thursday, boosted by strong results from drinks group SAB Miller, deal activity among tobacco companies and expectations of further monetary support from the Fed.

Shares in SABMiller rose 3.7 percent after the company behind Peroni beer reported a 1 percent rise in full-year earnings, which traders said was better than the market was expecting.

Raiffeisen Bank International jumped 3.5 percent on Thursday after the bank posted first-quarter profit that easily beat market expectations.

The stocks were the top risers on the pan-European FTSEurofirst 300 index, which was up 0.2 percent at 1,367.24 points at 0737 GMT.   Continuación...