European shares led higher by retailers, solid company updates

martes 12 de enero de 2016 07:31 GYT

* FTSEurofirst 300 index up 1.5 pct

* Retail shares, SAP up on positive updates

* EDF drops after report over nuclear waste (Adds details, updates prices)

By Atul Prakash

LONDON, Jan 12 (Reuters) - European shares rose sharply on Tuesday following four straight sessions of declines, helped by a rally in retailers and solid updates from companies in other sectors such as SAP and GEA.

Shares in Metro rose 4.4 percent after the retailer said it had a "very good Christmas business" in Germany, with like-for-like sales up 2.1 percent..

British retailers Tesco, Sainsbury and Marks & Spencer advanced 1.6 to 6.7 percent, Debenhams gained 17 percent and Morrisons rose 8 percent after trading updates and industry sales figures.

Morrisons, Britain's fourth-largest supermarket group, beat expectations for Christmas trading, reporting sales during the holidays rose for the first since 2012.

"At least on a temporary basis, Morrisons seems to have shaken off some of its relegation form and the share price has reacted accordingly," Richard Hunter, head of equities at Hargreaves Lansdown, said.   Continuación...