Mining rally pushes European shares to three-week highs

viernes 26 de febrero de 2016 07:55 GYT
 

* FTSEurofirst 300 index extends Thursday's rally

* Miners among top gainers as metals prices up

* RBS shares slump after "disappointing" results

* Eni up after in-line dividend (Updates prices, adds details)

By Atul Prakash

LONDON, Feb 26 (Reuters) - European equities extended the previous session's strong rally to a three-week high on Friday, with stronger miners on the back of firmer metals prices and some encouraging company updates supporting the market.

However, state-backed Royal Bank of Scotland slumped more than 7 percent after reporting its eighth straight full-year loss, of 1.97 billion pounds, as restructuring and litigation costs continued to weigh it down.

Jefferies analysts called RBS results "disappointing".

Miners were the top performers, with the STOXX Europe 600 Basic Resources index gaining 3.3 percent following sharp gains in the prices of key industrial metals such as copper and aluminium.   Continuación...