Friday, 01 June 2007

European Stocks Rise on Takeovers; Iberdrola, Deutsche Telekom Pace Gains

(Bloomberg) -- European stocks climbed for a second day
as takeover speculation buoyed the utility and telecommunications
industries and a report signaled the U.S. economy is rebounding.

Iberdrola SA and Lafarge SA gained after a report Belgian
billionaire Albert Frere plans to raise money to increase his
stakes in the Spanish and French companies. Deutsche Telekom AG
and France Telecom SA led phone stocks to a five-year high.


Read more at Bloomberg Stocks News

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