European shares advance, Michelin leads

April 23, 2015 7:18 AM

63 0

LONDON, April 23 (Reuters) - European shares rose towards 14-year highs on Thursday, with French tyre maker Michelin leading the automobile and auto parts sector higher after announcing its first-quarter results.

Shares in Michelin rose 4.7 percent, the top gainer in the pan-European FTSEurofirst 300 index, after its first-quarter revenue rose 5.6 percent, boosted by a weaker euro. The STOXX Europe 600 auto and parts index rose 1.1 percent.

Also read: Facebook Provides a Preview of Its Privacy Makeover

Read more

To category page