Zodiac Aerospace rockets after Safran bid, boosts European shares

  • Reuters
  • Stock Market News
Zodiac Aerospace rockets after Safran bid, boosts European shares
Credit: © Reuters.

LONDON, Jan 19 (Reuters) - European shares rose on Thursday in early deals, as Zodiac Aerospace's ZODC.PA shares surged after France's Safran 's SAF.PA takeover offer, and Moneysupermarket.com MONY.L jumped after results.

The pan-European STOXX 600 .STOXX index was up 0.1 percent in early trade.

Zodiac Aerospace ZODC.PA rocketed 21.6 percent after Safran offered $9 billion to buy the aircraft seat manufacturer. Shares in Safran gained 1.7 percent. boosted shares in Moneysupermarket.com MONY.L , up nearly 10 percent at their highest level since March 2016 after the price comparison website said that it expected an 8 percent rise in operating profit. Mail's RMG.L results were received less enthusiastically, its shares falling 4.2 percent and weighing on the blue chip FTSE 100 .FTSE index, which retreated 0.1 percent. meeting from the European Central Bank later in the day was also in focus, at which the ECB is expected to keep policy unchanged. Federal Reserve Chair Janet Yellen signalled that the U.S. central bank is poised to pursue a path of steady interest rate hikes.

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