European shares lifted by weaker euro, higher dividends

miércoles 25 de noviembre de 2015 13:46 GYT

* FTSEurofirst 300 gains 1.4 percent

* Higher dividends lift Metro, LafargeHolcim

* DAX outperfoms on euro weakness, Volkswagen

* Abengoa insolvency weighs on IBEX (Adds closing prices)

By Danilo Masoni and Alistair Smout

MILAN/LONDON, Nov 25 (Reuters) - European shares rose on Wednesday, helped by a lower euro and announcements from Metro and LafargeHolcim that they will pay more cash to investors through dividends.

The pan-European FTSEurofirst 300 ended up 1.43 percent, after losing 1.6 percent in the first two sessions of the week. Germany's export-heavy DAX, which benefits the most from a weaker euro, rose 2.15 percent.

The euro fell to a seven-month low against the dollar before recovering on Wednesday, after Reuters reported the ECB is considering policy options such as whether to stagger charges on banks hoarding cash or to buy more debt.

Spain's IBEX index gained just 0.2 percent, weighed down by losses among its banks, partly due to their exposure to troubled Spanish energy firm Abengoa, which fell 52 percent after starting insolvency proceedings.   Continuación...