European shares edge up led by Adidas, SocGen; commodity stocks dip

jueves 5 de noviembre de 2015 07:02 GYT
 

* FTSEurofirst 300 index up 0.3 pct

* Commodity shares among top fallers

* Adidas, SocGen up on solid earnings

* Adecco slumps on surprise loss

By Danilo Masoni and Atul Prakash

MILAN/LONDON, Nov 5 (Reuters) - European shares edged higher on Thursday led by solid earning reports from Adidas and Societe Generale, while commodity-related stocks were hit by a stronger dollar.

The pan-European FTSEurofirst 300 index was up 0.27 percent, while Britain's commodity-heavy FTSE index underperformed to fall 0.44 pct.

Adidas rose 5.6 percent as the world's second-biggest sportswear firm raised its full-year outlook for sales and profits after third-quarter sales growth beat market expectations.

"Brand Adidas has seen a turnaround with new initiatives and products. It is back to gain market share even in the United States," said Kelper Cheuvreux analyst Jurgen Kolb.   Continuación...