Europe shares rise; ArcelorMittal sinks after warning

viernes 13 de febrero de 2015 04:07 GYT

PARIS Feb 13 (Reuters) - European shares rose in early trading on Friday, helped by positive growth figures from Germany, while L'Oreal rallied after posting forecast-beating sales growth.

However, shares in ArcelorMittal bucked the trend, dipping 1 percent after the world's largest producer of steel said its profit would fall in 2015, rather than improve as expected, as iron ore prices sapped mining earnings and steel market growth cooled from last year.

At 0803 GMT, the FTSEurofirst 300 index of top European shares was up 0.2 percent at 1,497.53 points, hitting a new seven-year high. (Reporting by Blaise Robinson; Editing by Sudip Kar-Gupta)