Smith & Nephew outperforms sluggish European markets

miércoles 24 de diciembre de 2014 09:43 GYT

* European markets either closed or having a half-day

* UK's FTSE 100 rises 0.2 pct to 6,609.93 points

* France's CAC ends down 0.4 pct

* Frankfurt and Milan markets closed

* Smith & Nephew jumps on bid speculation

By Sudip Kar-Gupta

LONDON, Dec 24 (Reuters) - Bid speculation drove up the shares of medical devices maker Smith & Nephew on Wednesday, allowing it to outpace sluggish European stock markets in a shortened session ahead of the Christmas break.

The 7.7 percent jump in Smith & Nephew, after Bloomberg News reported U.S. rival Stryker was planning a takeover offer for it, allowed Britain's blue-chip FTSE 100 index to end 0.2 percent higher at 6,609.93 points.

France's CAC ended down 0.4 percent as data showing another set of record unemployment figures in France weighed on the Paris market.   Continuación...