Shares inch up as Telecom Italia and ABB gain

Source: Reuters
© Scanpix/Reuters
Shares of Telecom Italia and ABB, an engineering group from Switzerland, advanced 3% and 2.7% respectively as Telecom Italia may have found a buyer for its Brazilian wireless operator: the Mexican America Movil and the Brazilian Oi SA. ABB gained on the account of its plans to buy back $4 billion worth of shares, to entice its investors as it faces decreased sales. FTSEurofirst 300 added 0.1% to 1,391.99.
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