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Europe: Shares rise, SocGen jumps 7%

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European shares rose on Wednesday, led higher by Societe Generale which jumped 7 per cent after posting its second-quarter results.

[LONDON] European shares rose on Wednesday, led higher by Societe Generale which jumped 7 per cent after posting its second-quarter results.

The French bank reported better-than-expected earnings and said it would target a slightly bigger cushion of capital and higher cost savings.

The pan-European FTSEurofirst 300 index was up 0.6 per cent by 0707 GMT, and the euro zone's blue-chip Euro STOXX 50 index was up 0.6 per cent.

REUTERS

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