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European shares rise, led by Carlsberg

Reuters - UK Focus

LONDON, Nov 11 (Reuters) - European shares rose on Wednesday, boosted by a spate of well-received earnings reports, with beverage firm Carlsberg (Other OTC: CABGY - news) higher after its new management outlined restructuring plans.

The FTSEurofirst 300 rose 0.3 percent, building on a rise of 0.2 percent in the previous session.

Denmark's Carlsberg rose 8.5 percent after it said it would book a $1.4 billion impairment charge and cut staff to return to growth. Analysts welcomed the steps, adding that the brewer's earnings contained no negative surprises.

Henkel (Other OTC: HELKF - news) and Ahold also rose after their own results.

(Reporting by Alistair Smout; Editing by Kit Rees)