European shares edge higher as investors shrug off poor earnings
(Adds quote, updates prices)
* FTSEurofirst 300 index up 0.14 percent
* Pearson shares slump after profit warning
* Credit Suisse slips on results, capital hike plans
* Technology top sectoral gainer, led by ARM
By Danilo Masoni and Atul Prakash
MILAN/LONDON, Oct 21 (Reuters) - European shares pared losses to turn higher on Wednesday as confidence over a positive close to the year and continued central bank support ahead of an ECB meeting on Thursday helped investors absorb weak earnings news.
The pan-European FTSEurofirst 300 index was up 0.14 percent after falling 0.5 percent in the previous session, while the euro zone's blue-chip Euro STOXX 50 index climbed 0.6 percent.
Among standout losers, Pearson shares sank 17 percent after the firm said it expected earnings to be at the bottom end of its forecast range due to lower enrolments at some colleges in the United States and fewer school text book purchases in parts of South Africa. Continuación...