European shares rose on Wednesday on the back of Wall Street's gain, led by oil majors as crude prices climbed above $61 a barrel, but French retailer Carrefour fell on disappointing sales figures. "Equities continue to remain in an upbeat mood despite oil holding above the $60 mark," said Matt Buckland, a trader at spread-betting firm CMC Group, Reuters reported. Investors seemed to shrug off news that last week's attacks on London may well have been the work of homegrown suicide bombers, but police warned that the country was still under threat from militants. At 0727 GMT, the FTSEurofirst 300 index was 0.29 percent higher at 1,156.2 points, near three-year highs. UK mobile phone company Vodafone was one of the region's biggest blue-chip gainers after broker Goldman Sachs upgraded the stock to "outperform" from "inline". Carrefour was 3 percent weaker after the French retailer posted weaker-than-expected growth in second-quarter sales, and stressed it faced a "very challenging" business environment in Europe amid accelerating price cuts. --More 2037 Local Time 1737 GMT
