European shares end higher, led by LVMH and Greek banks

miércoles 4 de febrero de 2015 13:27 GYT

* FTSEurofirst 300 up 0.6 pct, Swiss shares outperform

* Greek index ATG back at level before election results

* Energy stocks fall back along with oil prices

By Blaise Robinson

PARIS, Feb 4 (Reuters) - European stocks ended higher on Wednesday as better-than-expected results from LVMH triggered a rally in luxury goods makers, while Greek banks continued to recover on hopes of a deal with the European Union on Greece's debt.

Shares in LVMH jumped 8.1 percent and hit a record high after it said fourth-quarter sales grew, partly thanks to a renaissance of its Louis Vuitton brand under star designer Nicolas Ghesquiere.

"Sales growth was particularly solid in the United States and Japan," Barclays France director Franklin Pichard said.

Shares in rivals Hermes and Kering lifted 3.1 percent and 2.3 percent respectively.

Greek banking shares rallied again, with Bank of Piraeus up 20.8 percent and Eurobank up 10.7 percent. Athens' benchmark index ATG, which rose 0.9 percent on the day, has now recovered all the ground lost after the election of the anti-austerity party Syriza.   Continuación...