[BENGALURU] European shares ended higher on Thursday as strong earnings from British American Tobacco and a multibillion dollar merger in the financial sector helped dispel early gloom after the US Federal Reserve played down prospects for several rate cuts.
London Stock Exchange Group rose 6.5 per cent to a record high after it formally announced its US$27 billion merger with financial information firm Refinitiv, lifting Europe's financial services index 2.3 per cent and making it the top gainer. Barclays climbed 1.2 per cent after it raised its interim dividend. Asia-focused Standard Chartered was up 3.3 per cent following strong first-half profits and France's SocGen gained 5.8 per cent after it hit its solvency target a year early.
The dent to sentiment from the Fed hurt commodities markets, with a fall in iron ore, copper and oil prices pulling down shares of mining and energy majors.
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