Miners help drive European shares to three-week high

viernes 26 de febrero de 2016 13:41 GYT
 

* FTSEurofirst 300 ends second straight week of gains

* Miners among top gainers as metals prices up

* RBS shares slump after "disappointing" results

* Eni up after in-line dividend (Adds closing prices, details)

By Atul Prakash

LONDON, Feb 26 (Reuters) - European equities rallied on Friday to reach a three-week high, as a jump in metals prices boosted miners and some encouraging company updates also supported 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 ($2.7 bln). Restructuring and litigation costs continued to weigh it down.

Jefferies analysts called the RBS results "disappointing".

Miners were the top performers, with the STOXX Europe 600 Basic Resources index gaining 3.9 percent following sharp gains in the prices of key industrial metals such as copper and aluminium.   Continuación...