European shares gain ground as Ryanair and William Hill surge

lunes 25 de julio de 2016 04:42 GYT

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)

* STOXX 600 rises, but still down 6 pct in 2016

* Bid interest drives up William Hill shares

* Ryanair rises, issues upbeat outlook despite Brexit

By Sudip Kar-Gupta

LONDON, July 25 (Reuters) - European stocks rose on Monday, with low-cost airline Ryanair climbing after it issued a bullish outlook while shares in William Hill surged on bid interest from its rivals.

The pan-European STOXX 600 index was up 0.7 percent, near the level it was at before Britain's vote in late June to quit the European Union.

European stock markets also edged higher after the publication of Germany's IFO business morale data.

Even though the IFO reading fell to 108.3 in July from 108.7 in June, it still came in stronger than the Reuters consensus forecast for a reading of 107.5.   Continuación...