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Europe: Shares rise, lifted by Ryanair after profit forecast hike

European shares rose on Wednesday after reaching 2015 lows as a bruising quarter ended, with a Chinese tax cut boosting automakers while miner Glencore rallied after saying it had no solvency issues.

[LONDON] European shares rose on Wednesday, boosted by a rally in shares of Ryanair, which hit an all-time high after it lifted its full-year profit forecast.

Ryanair surged 10 per cent after it hiked its annual profit forecast by 25 per cent, after its summer performance was boosted by bad weather in northern Europe and the strength of the British pound.

It was the top riser on the pan-European FTSEurofirst 300 , which was up 2.1 per cent at 1,444.61 points by 0707 GMT, up for its third straight session.