Tuesday, May 15, 2007

European Food Stocks, Nestle Decline; Reuters and Hanson Shares Advance

(Bloomberg) -- European food stocks declined after Deutsche Bank AG recommended reducing holdings in Nestle SA, Unilever NV and Groupe Danone, citing rising commodity prices. Benchmarks in the region were little changed.

Construction and media companies rose after Reuters Group Plc, the world's biggest publicly traded provider of financial data, and Hanson Plc, the No. 1 maker of sand and gravel for construction, agreed to be bought. Rio Tinto Group and Anglo American Plc led mining shares lower after copper prices fell to a five-week low in Shanghai.


Read more at Bloomberg Stocks News

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