Monday, July 9, 2007

European Stocks Advance, Led by Numico, Telekom Austria, BHP Billiton

(Bloomberg) -- European stocks climbed for a second
day as takeover speculation lifted food and beverage shares and a
higher profit forecast from Telekom Austria AG sparked a rally in
telephone companies.

Royal Numico NV jumped to the highest in six years on
speculation Europe's biggest baby-food maker may receive a takeover
bid. Telekom Austria, the largest Austrian phone operator, surged
the most in more than two months. BHP Billiton Ltd. paced an
advance by mining companies after a strike in Chile sent copper
prices higher.


Read more at Bloomberg Stocks News

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