European shares hit 7-week high on strong company results

jueves 11 de agosto de 2016 10:52 GYT
 

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* STOXX Europe 600 index up 0.4 pct

* Symrise, Henkel, KBC among top gainers

* K+S falls on profit warning

By Alistair Smout

LONDON, Aug 11 (Reuters) - European shares climbed to a seven-week high on Thursday, with companies such as scents and flavours maker Symrise and consumer group Henkel hitting record highs after strong results and encouraging updates.

Henkel was last quoted 4.9 percent higher after setting a record high as its results beat expectations and the consumer group lifted its guidance for its core profit margin. It was the top riser in Germany's DAX, which rose 0.4 percent.

Symrise shares rose 6 percent after first half sales surged 16 percent to 1.46 billion euros and the company said it was aiming to outperform the global flavour and fragrance market again in 2016.

"We remain positive on the (specialty chemicals) sector," Northern Trust Capital Markets' head of global equities, Gary Paulin, said. "The leaders in the sector still have a long tail of growth via consolidation ahead."   Continuación...