European shares trim some gains as Italian stocks fall

martes 11 de noviembre de 2014 13:33 GYT
 

* FTSEurofirst 300 up 0.3 pct

* Vodafone up 5.4 pct as it raises guidance

* Henkel boosted by strong results (Updates with closing prices)

By Alistair Smout

LONDON, Nov 11 (Reuters) - Europe's benchmark index of top shares trimmed its gains on Tuesday, hurt by a fall in Italian stocks and a weak opening on Wall Street, but remained supported by strength in telecoms issues.

The FTSEurofirst 300 index of pan-European shares closed up 0.3 percent at 1,358.78 points, after being up 0.5 percent earlier. U.S. stocks opened slightly lower on the day.

Italy's FTSE MIB traded flat, with a 3.3 percent fall in UniCredit making it the top faller. It rapidly shed gains made after an expectation-beating report.

UniCredit's revenues were hindered by weakness in the Italian economy, which took the shine off stronger than expected profits, traders said.

The FTSE Italia All-Share Banks Index is down over 12 percent since early October.   Continuación...