LONDON, March 28 European shares gained on
Tuesday in early deals, boosted by positive results and
dealmaking, as stock markets recovered from a sentiment-fuelled
dip in the previous session.
The pan-European STOXX 600 index was up 0.4 percent
by 0820 GMT, with banking stocks and basic resources
the biggest contributors to gains.
Wolseley was the top European gainer, up 7 percent
after the heating and plumbing products supplier posted a 25
percent rise in first-half profit, driven by U.S. growth.
Shares in Portuguese energy firm EDP were up 4.2
percent after it said it launched an offer to buy the 22.47
percent of renewable energy subsidiary EDPR it does
not already own.
Dufry was also among top gainers, up 4 percent
after a report said Chinese conglomerate HNA was seeking to buy
a stake in the Swiss airport retailer.
Booker was among top fallers, down 2.8 percent,
after two major Tesco shareholders said they opposed
the British retailer's $4.7 billion plan to buy the wholesaler,
arguing the deal would destroy value. Shares in Tesco retreated
Gambling company Ladbrokes Coral Group fell 1.9
percent after it posted a 22 percent increase in operating
profit for 2016 despite paying out heavily on gambler-friendly
(Reporting by Helen Reid)