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European shares regain ground, helped by Credit Agricole update

Reuters - UK Focus

LONDON, Feb 17 (Reuters) - European shares rose on Wednesday, boosted by well received results from Credit Agricole (Swiss: ACA.SW - news) and Schneider Electric (EUREX: SND1.EX - news) .

The pan-European FTSEurofirst 300 was up 0.4 percent at 1,267.11 points, having slipped 0.4 percent in the previous session.

Credit Agricole was up around 5 percent after it beat expectations with its results and promised stable investor returns and a solid capital base in the future as the French bank outlined plans to simplify its much-criticised ownership structure.

Schneider Electric was also up 5 percent after results. (Reporting by Alistair Smout; Editing by Atul Prakash)