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European shares unruffled by Spain vote after long weekend

Reuters - UK Focus

LONDON, May 26 (Reuters) - European shares rose in early deals on Tuesday, the first day of the trading week for several markets after a long weekend, with bumper airline results and a weaker euro offsetting a local-poll hit for Spain's government.

At 0710 GMT, the pan-European FTSEurofirst 300 index was up 0.4 percent, with indexes in London, Paris, Frankfurt and Madrid all in positive territory.

A rise in profits for Ryanair saw the low-cost airline's shares jump 4.6 percent, with rival Easyjet (Other OTC: EJTTF - news) up 2 percent. Telecoms firm Altice fell after news its bid rival Charter Communications (NasdaqGS: CHTR - news) was nearing an agreement to acquire Time Warner Cable (Xetra: T3W1.DE - news) . (Reporting by Lionel Laurent; Editing by Alistair Smout)