European shares led higher by LSE, weaker euro helps auto stocks

martes 1 de marzo de 2016 08:08 GYT
 

* FTSEurofirst 300 index hits 1-month high

* LSE shares surge on possible counter-offer

* Barclays slumps after fall in profits

* Autos led by BMW, Glencore underperforms miners (Adds details, updates prices)

By Danilo Masoni and Atul Prakash

MILAN/LONDON, March 1 (Reuters) - European shares rose on Tuesday, with exchange operator London Stock Exchange (LSE) boosted by speculation of a possible bidding war and auto stocks helped by continued weakness in the euro.

Shares in LSE rose 8 percent after U.S. rival ICE said it was considering making an offer for the group, a move that could derail Deutsche Boerse potential tie-up with the British company. Deutsche Boerse was little changed.

"With ICE now also being interested, it looks ... more likely for a deal to be done," said Charles Hanover Investments partner Dafydd Davies.

The pan-European FTSEurofirst 300 index rose 0.9 percent to a one-month high by 1153 GMT, while the euro zone's blue chip index Eurostoxx 50 was up 1 percent.   Continuación...