London (AFP) - European stocks were mixed on Thursday as gains on Wall Street encouraged some traders to put aside disappointing results from a raft of blue-chip companies.
"There's no fundamental explanation for this turnaround, just that bullishness in the US" came back towards markets here, said Yves Marcais, trader at Global Equities.
Frankfurt's DAX 30 rose 0.60 percent to 9,596.77 points and the CAC 40 in Paris gained 0.17 percent to 4,312.8 points.
But London's benchmark FTSE 100 index ended the day 0.23 percent lower at 6,559.42 points.
The rebound from early-session lows came after the opening on Wall Street, where traders shrugged off downbeat retail and jobs data and sent indices higher amid news of a blockbuster merger between Comcast and Time Warner Cable.
In midday trading, the Dow Jones Industrial Average rose 0.15 percent to 15,987.654, the broad-based S&P 500 rose 0.25 percent to 1,823.80, while the tech-rich Nasdaq Composite Index gained 0.40 percent to 4,218.08.
Comcast unveiled a $45.2 billion proposed acquisition of Time Warner in an all-stock deal that would combine the top two US cable TV companies.
Earlier Thursday, Asian shares fell on profit-taking following four strong sessions, but Sydney pared earlier losses caused by data showing Australian unemployment at a 10-year high.
In London, the biggest falling stock was food ingredients firm Tate & Lyle, which tumbled 16 percent to 660 pence after the firm issued a shock profits warning.
The group forecast flat 2014 earnings, downgrading prior guidance of profitable growth, and partly blamed weaker demand in developed markets.
- Rolls-Royce runs out of growth -
Rolls-Royce stock meanwhile dived 13.64 percent to 1,045.00 pence after the aircraft engine maker warned it would experience a "pause" in profits and revenue growth this year.
The group added in a results statement that its performance was expected to be hit by the impact of military budget cuts and the completion of major export programmes. It also posted tumbling 2013 net profits.
Lloyds Banking Group's share price sank 2.65 percent to 81.32 pence, with investors uninspired by annual results.
The state-rescued bank cut net losses in 2013 and ramped up staff bonuses, but its performance was hit by a vast compensation bill for mis-selling.
Losses after tax stood at Â£838 million ($1.39 billion, 1.01 billion euros) last year, from Â£1.471 billion in 2012.
Across in Paris, BNP Paribas stock slid 2.55 percent to 58.55 euros after the French bank reported that net earnings sank by more than a quarter, mostly due to exceptional items.
Net profit fell by 26.4 percent to 4.83 billion euros ($6.6 billion).
On the upside in Frankfurt, Commerzbank shares gained 1.53 percent to 13.60 euros after the bank announced a return to annual profits but warned the environment would remain difficult.
Commerzbank said in a statement it booked net profit of 78 million euros ($106 million) in 2013, compared with a loss of 47 million euros a year earlier.
The European single currency climbed to $1.3667 from $1.3593 late in New York on Wednesday.
The euro firmed to 82.18 British pence from 81.91 pence, while the pound rose to $1.6631 from $1.6593.
The price of gold rose to $1,296 an ounce on the London Bullion Market, from $1,289.32 on Wednesday.