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European shares bounce back, helped by earnings

Reuters - UK Focus

PARIS, Nov 5 (Reuters) - European shares rose early on Wednesday, reversing most of the previous session's losses, as a raft of positive results from companies helped lift sentiment.

Shares (Berlin: DI6.BE - news) in Lundin Petroleum (Other OTC: LNDNF - news) surged 4.5 percent after the Swedish oil and gas producer posted third-quarter earnings above expectations.

British retailer Marks & Spencer (Other OTC: MAKSF - news) climbed 7 percent after reporting forecast-beating results.

At 0809 GMT, the FTSEurofirst 300 index of top European shares was up 0.8 percent at 1,337.16 points, after falling 1 percent on Tuesday. (Reporting by Blaise Robinson; Editing by James Regan)