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Retailers, cyclicals strength give European shares a leg-up; Pearson slumps again

Reuters  |  LONDON 

LONDON (Reuters) - A run higher for energy shares and miners, as well as strong updates from retailers Burberry and B&M helped drive European shares higher in early deals on Wednesday, though renewed pain for publisher Pearson weighed on the media sector. The pan-European STOXX 600 index was up 0.4 percent, as were the blue chips.Luxury goods group Burberry was the second-top gainer, rising around 4.3 percent after reporting 3 percent underlying revenue growth in the first quarter, helped by stronger demand in mainland China and continuing good performance in its British market.Peers ...

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First Published: Wed, July 12 2017. 13:05 IST