Friday, June 1, 2007

European Stocks Advance; Iberdrola, Lafarge, British Energy Lead Gains

(Bloomberg) -- European stocks climbed for a second
day as takeover speculation buoyed the utility and construction
industries and investors speculated a report today will show
economic growth in the U.S. is rebounding.

Iberdrola SA and Lafarge SA rose after a report Belgian
billionaire Albert Frere's Groupe Bruxelles Lambert SA plans to
sell shares, using the proceeds to increase his stakes in the
Spanish and French companies. Volkswagen AG and Groupe Danone
paced gains by companies most dependent on the U.S. for revenue.


Read more at Bloomberg Stocks News

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