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European shares regain ground, helped by Credit Agricole update

Reuters
The trading floor of the Frankfurt's stock exchange is reflected in a DAX sign in Frankfurt, Germany January 7, 2016. REUTERS/Kai Pfaffenbach/Files

LONDON (Reuters) - European shares rose on Wednesday, boosted by well received results from Credit Agricole and Schneider Electric.

The pan-European FTSEurofirst 300 was up 0.4 percent at 1,267.11 points, having slipped 0.4 percent in the previous session.

Credit Agricole was up around 5 percent after it beat expectations with its results and promised stable investor returns and a solid capital base in the future as the French bank outlined plans to simplify its much-criticised ownership structure.

Schneider Electric was also up 5 percent after results.

(Reporting by Alistair Smout; Editing by Atul Prakash)