LONDON, Feb 28 (Reuters) - European shares edged higher on Tuesday after encouraging earnings releases, with Meggitt MGGT.L leading the market up after reporting a sharp rise in profits and Ferrovial FER.MC also advancing after results news.
Shares in Meggitt surged 10.6 percent, making them the top gainers in the STOXX 600, after the British car and aeroplane parts maker posted a 13-percent rise in adjusted profits and raised its dividend payout. rose 4 percent after announcing results and saying that its order book last year was higher than in 2015. engineering group GKN GKN.L was up 3.3 percent after the company reported a 12-percent rise in adjusted pretax profit, beating market expectations, and said it would grow faster than both its main aerospace and autos markets in 2017. price comparison site Moneysupermarket.com MONY.L slumped nearly 10 percent, to be the biggest fallers in the STOXX 600, after results were not well received by investors.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.