European shares edge higher, led by Vodafone

LONDON Fri Nov 1, 2013 4:17am EDT

LONDON Nov 1 (Reuters) - European shares edged higher on Friday, led by heavyweight UK telecom Vodafone after a media report that U.S. peer AT&T was eyeing up a potential takeover bid.

The stock, up 2.3 percent, led gainers across the 0.1 percent stronger pan-Europe FTSEurofirst 300 - at 1,293.74 points by 0803 GMT to trade near five-year high - although volume in the stock was in-line with the index.

Elsewhere, Royal Bank of Scotland fell 3 percent after it said it would create an internal "bad bank" to manage the run-down of its riskiest assets.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.