European Stocks Retreat, Paced by BHP Billiton, Nestle; Debenhams Slumps

(Bloomberg) -- European stocks fell from a 6 1/2- year high, tracking declines in Asian equities. BHP Billiton Ltd. and Nestle SA paced the slide.

Debenhams Plc slumped after Britain's second-largest department-store company said full-year earnings will be below analysts' estimates. Pirelli & C. SpA slid after AT&T Inc. retracted a bid to buy a stake in Telecom Italia SpA's controlling shareholder. Tesco Plc fell after the retailer posted a 20 percent gain in full-year profit.


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