European stocks rise supported by the real estate and media sectors

European stocks rose to a two-month high on Wednesday, led by media and real estate stocks, and Sage Software jumped to a record high after announcing strong annual operating profits.

The European STOXX 600 index rose 0.2 percent by 0807 GMT, after largely quiet trading so far this week.

Real estate stocks were the best performers, up 0.7 percent, while media stocks increased 0.5 percent.

Sage shares jumped seven percent to top the STOXX 600 index after an 18 percent rise in core operating profits for the full year. Supported by margins expanding to 20.9 percent, the British company said it would continue to increase this year.

German ThyssenKrupp shares also jumped five percent after announcing its results.

King Fisher Home Improvement Supplies shares fell 5.8 percent after lowering full-year profit expectations for the second time in three months.