Monday, June 18, 2007

Europe shares rise, move on ICI ignites chemicals

(Reuters) - European shares rose early on Monday to hit fresh 6-1/2 year highs after news that ICI rejected a $14.3-billion takeover approach from Akzo Nobel lifted chemical stocks and the euro hit a new high against the yen.

At 0819 GMT the FTSEurofirst 300 index of top European shares was up 0.24 percent at 1,629.86 points, after earlier hitting 1,630.69, its highest since November17, 2000.


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