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Wed, Feb 22 2017

European shares hit new 14-month high, positive earnings boost

LONDON, Feb 22 European shares climbed to a new 14-month high on Wednesday, supported by well-received earnings updates from companies such as Lloyds, Telefonica Deutschland and Scor.

Reinsurer Scor says could consider share buyback for up to 200 mln eur

PARIS, Feb 22 French reinsurer Scor said it could consider share buybacks for up to 200 million euros ($211 million) depending on market conditions, on top of a rise in 2016 dividends, after it reported a 10 percent increase in fourth-quarter net income.

BRIEF-Scor Q4 gross written premiums up 5.4 pct at 3.61 billion euros, raises dividend and plans share buyback

* 2016 annual results: Scor records net income of 603 million euros, increases its dividend to 1.65 euros and envisages share buy-backs

BRIEF-Scor 9 mth gross written premiums up 4.4 pct

* Reports net income of 438 million euros ($477.6 million) for first nine months of 2016, confirming strength of its business

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