Miners soar; Iveco, Mediobanca rally (Il Sole 24 Ore Radiocor) - Milan, 10 May - In European stock market dealings, mining and utilities shares led the gains.

Italian commercial vehicle and bus manufacturer Iveco soared 4.35% leading the gains on the Milan FTSE MIB index, after positive first quarter earnings showing that adjusted net income and earnings before tax and interest rose in the first three months of the year compared to the same time period a year earlier.

Italian lender Mediobanca rallied 2.06% after it said its third quarter revenue rose an annual 18% and increased a quarterly 4% to 900 million euros, bringing the total for the nine months to 2.6 billion euros, up 9%.

Net profit in the quarter rose an annual 42% and a quarterly 29% to 335 million for a total in the nine months of 950 million euros, up 20%.

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(RADIOCOR) 10-05-24 13:45:02 (0393) 5 NNNN