Vodafone, Henkel help European shares rise after upbeat updates

martes 11 de noviembre de 2014 04:40 GYT

* FTSEurofirst 300 up 0.5 pct

* Vodafone up 4.7 pct as it raises guidance

* Henkel, Hochtief boosted by strong results

By Francesco Canepa

LONDON, Nov 11 (Reuters) - European shares inched higher on Tuesday, boosted by upbeat updates from telecoms operator Vodafone and German companies Henkel and Hochtief.

Vodafone rose 4.7 percent as the world's second-biggest mobile operator nudged its forecasts for core earnings higher after reporting a sharp improvement in its main quarterly revenue measurement, helped by improved demand in its big European markets.

Shares in German consumer goods group Henkel rose 3.8 percent after it posted better than expected third-quarter earnings and raised its full-year forecast slightly, thanks to emerging-market demand for its washing powders, beauty products and industrial adhesives.

Henkel said that despite the political tension, its Russian business made an "above-average contribution" to the 3.1 percent sales growth achieved in eastern Europe in the third quarter. Russia is Henkel's fourth-largest market with annual sales of about 1 billion euros ($1.24 billion).

Around 58 percent of German companies which have reported results so far have met or beaten expectations, broadly in line with the European average, StarMine data showed.   Continuación...