European shares boosted by progress in Paris

martes 15 de diciembre de 2015 05:17 GYT
 

* FTSEurofirst 300 rises back up off 2-1/2 month lows

* M&A deals lift Faurecia and Sanofi

* Dialog slumps, dragging down ARM

By Sudip Kar-Gupta

LONDON, Dec 15 (Reuters) - European shares rose on Tuesday to bounce back from stinging losses in the previous session, as gains in major French companies propped up the region's equity markets.

Shares in German chipmaker Dialog Semiconductor slumped 9.7 percent, however, dragging down peers such as ARM , after Dialog slashed its revenue guidance.

The pan-European FTSEurofirst 300 index, which fell to its lowest level in 2 1/2 months on Monday due to a slump in oil prices, rose 1.6 percent while the euro zone's blue-chip Euro STOXX 50 index advanced 2 percent.

The French CAC-40 equity index climbed 2 percent. The Paris market was helped by French pharmaceuticals group Sanofi, which climbed 4.1 percent after it said it would swap some assets with Boehringer Ingelheim.

There was also an 8.5 percent surge in car parts company Faurecia after it agreed to sell a division to Plastic Omnium. The rise helped to lift the European autos sector , which was also boosted by a rise in European car sales.   Continuación...