European shares rise after solid earnings updates, RBS slumps

viernes 5 de agosto de 2016 05:21 GYT

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* STOXX 600 up 0.4 percent, set for weekly loss

* Well-received updates lift LafargeHolcim, Hugo Boss

* RBS slumps in positive bank sector after losses widen

* Novo Nordisk slumps after guidance cut

By Danilo Masoni

MILAN, Aug 5 (Reuters) - European shares rose on Friday, helped by solid earnings updates from companies including cement maker LafargeHolcim, but Royal Bank of Scotland slumped in an otherwise mostly positive banking sector after reporting wider losses in the first half.

The pan-European STOXX 600 index rose 0.4 percent by 0830 GMT but remains on track for its first week of declines in four, weighed down by heavy losses among bank stocks earlier in the week following the release of Europe-wide stress tests.

Britain's FTSE 100 touched a fresh year-high after the Bank of England cut rates for the first time since 2009 on Thursday and surprised markets by starting a bond purchase programme.   Continuación...