Friday, June 15, 2007

European Stocks Rise for Third Day; Sainsbury, Tesco, Wolseley Pace Gains

(Bloomberg) -- European stocks rose for a third day
after a Qatar fund bought shares in J Sainsbury Plc, German
financial institutions acquired a Berlin bank and Wolseley Plc
was the focus of takeover speculation.

Sainsbury and Tesco Plc, Britain's biggest supermarket
company, led the Dow Jones Stoxx 600 Retail Index to the highest
since June 4. Wolseley, the world's largest distributor of plumbing
and heating equipment, rallied the most in three months. Total SA,
Europe's largest refiner, and Royal Dutch Shell Plc advanced as oil
traded near the highest in nine months.


Read more at Bloomberg Stocks News

No comments: