European shares to fresh 7-yr high
24 February 2015, Nirapad News: European shares hit fresh seven-year highs on Tuesday on the back of better-than-expected results at BHP Billiton and expectations of cost savings at network operator Telefonica Deutschland from its E-Plus buy.
Greece’s future in the Eurozone was also in focus. Meanwhile, after the European Commission said a list of economic reform plans submitted by Greece was ‘sufficiently comprehensive’. Shares in BHP rose 3.6 per cent. Telefonica Deutschland rose more than 7 per cent.
Tha broader FTS Eurofirst 300 index of pan-European shares was up 0.1 pct at 1,536.73, its highest level since early 2008.