European shares rebound, with Zodiac zooming up

  • Reuters
  • Stock Market News
European shares rebound, with Zodiac zooming up

LONDON, June 15 (Reuters) - European shares rose early on Wednesday after a five-day losing streak caused by jitters about next week's British referendum on European Union membership, with Zodiac Aerospace ZODC.PA surging after posting higher sales.

The pan-European FTSEurofirst 300 index .FTEU3 rose 0.9 percent, as did the pan-European STOXX 600 .STOXX index.

Zodiac shares rose 8.1 percent after the company reaffirmed financial targets for 2015/16 as it posted a 5.9 percent rise in nine-month revenues. housebuilders such as Taylor Wimpey TW.L and Berkeley BKGH.L underperformed after Berkeley said there was a 20 percent drop in reservations of new homes at the start of the year, due partly to concerns over Britain's EU vote.

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