European shares up as survey dampens Greek boost

London - European equities edged off multi-year highs on Monday as a slightly disappointing German business morale survey dampened the sentiment boost from late Friday's deal to extend Greece's financial rescue package.

Britain's FTSE 100 index was the only major index to trade lower after index heavyweight HSBC reported a 17% drop in annual profit, sending its shares 5.5% lower.

Athens sealed a deal with eurozone partners to avoid a banking collapse by accepting a conditional extension of its bailout programme and agreeing to present a reform plan, sending European shares sharply higher early on.