Shares in Europe gained on Wednesday after sharp declines in the prior session, with Italy’s biggest insurer Generali gaining after committing to boost dividends and enzymes maker Novozymes advancing on a UBS upgrade.
Generali’s shares advanced by 2% after the company said it would pay cumulative dividends of more than 5 billion euros ($5.5 billion) to the end of 2018, as it focuses on increasing cash generation and building a solid capital base.
At 0711 GMT, the FTSEurofirst 300 index of top European shares was up 0.4% at 1,608.86 points after falling to a one-week low in the previous session.
The material has been provided by InstaForex Company – www.instaforex.com