(ADVISORY- Follow European and UK stock markets in real time on
the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)
* STOXX Europe 600 index up 0.1 pct
* Barclays, RSA and Dialog up after updates
* Technicolor and Veolia down after results
By Atul Prakash
LONDON, Feb 23 European shares edged up to near
a 14-month high on Thursday, supported by a rally in Barclays
Shares in the British bank rose 3.8 percent after
it reported a surprise increase in its core capital ratio as it
took advantage of rising profits.
"Lower PPI (payment protection insurance) costs and currency
tailwinds have helped boost profits at Barclays, while good
progress has been made in winding down the bad bank that has
been holding the group back," said Laith Khalaf, senior analyst
at Hargreaves Lansdown.
Dialog Semiconductor surged 7 percent after the
maker of chips that go in Apple's and Samsung's
smartphones said it expected "good revenue growth"
British shopping centre landlord Intu Properties
was up 6.8 percent after hiking its dividend for the first time
in five years, while insurer RSA was up 5 percent after
posting a 25 percent rise in 2016 operating profit and raising
its return on equity target. .
The pan-European STOXX 600 index was up 0.1 percent
after hitting a 14-month high in the previous session.
Germany's DAX was flat, with little changed after
data confirmed the country's economy quadrupled its growth rate
to 0.4 percent in the fourth quarter.
Broader European market gains were capped by sharp declines
in shares of some companies.
Technicolor fell more than 10 percent to a
three-year low, the biggest decliner in the STOXX 600 index,
after the French media and entertainment company reported a net
French water and waste group Veolia was down 6.7
percent after pushing back its forecast for core earnings by a
Around 55 percent companies in the STOXX 600 have reported
fourth quarter results so far, of which 56 percent have met and
3 percent have beaten analyst forecasts.
British firms Carnival, Diageo, easyJet
, GlaxoSmithKline and Rio Tinto fell 1.3
to 4.8 percent as their shares traded without the entitlement of
their latest dividend payouts.
(editing by John Stonestreet)