European shares open higher led by Sodexo, miners

MILAN, Nov 19 (Reuters) - European shares opened higher on Thursday led by Sodexo after a solid update and helped by strong gains among mining stocks.

The pan-European FTSEurofirst 300 index, which fell 0.2 percent on Wednesday, rose 0.9 percent and euro zone’s blue-chip Euro STOXX 50 index rose 1 percent.

Sodexo rose more than 8 percent after the French catering-to-vouchers group said it would further cut costs to cope with a volatile global economy and forecast higher revenues and operating profit for the fiscal year 2015-16.

Mining stocks were the top sectoral gainer to rise 2.8 percent, with BHP Billiton leading the way after saying its priority was to maintain a healthy balance sheet.

Thyssenkrupp rose 1.3 percent, reversing initial losses after mixed results and a cautious outlook for the year. Brokers said the dividend was less than expected but its quarterly adjusted operating profit beat expectations. (Reporting by Danilo Masoni; Editing by Alistair Smout)


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