Europe: Shares unruffled by Spain vote after long weekend

[LONDON] European shares rose in early deals on Tuesday, the first day of the trading week for several markets after a long weekend, with bumper airline results and a weaker euro offsetting a local-poll hit for Spain's government.

At 0710 GMT, the pan-European FTSEurofirst 300 index was up 0.4 per cent, with indexes in London, Paris, Frankfurt and Madrid all in positive territory.

A rise in profits for Ryanair saw the low-cost airline's shares jump 4.6 per cent, with rival Easyjet up 2 per cent. Telecoms firm Altice fell after news its bid rival Charter Communications was nearing an agreement to acquire Time Warner Cable.

REUTERS