European shares edge back in positive territory


FE Team | Published: February 20, 2018 17:08:25 | Updated: February 22, 2018 14:39:57


European shares edge back in positive territory

European shares rebounded on Tuesday after ending a three-day recovery in the previous session when Wall Street and Chinese markets were closed for holiday.

At 0824 GMT, most sectors and indexes across the continent were making gains and the pan-regional STOXX 600 benchmark was up 0.18 per cent at 378.92 points, reports Reuters.

Shares Edenred were the top performers on the STOXX, up 9.2 per cent, after the meal voucher and card provider reported record 2017 earnings, increased its dividend and expressed confidence over 2018.

Other top movers in the pan-European index included HSBC and BHP, both down nearly 3.5 per cent, after their trading updates disappointed investors.

Temenos dropped 6.0 per cent after news it was in advance talks to buy UK rival Fidessa Group for about 1.4 billion pounds.

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