Pursuits

European Stocks Rally as Greek Lawmakers Pass Austerity Package

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European stocks rallied the most in three months as Greek lawmakers passed a package of austerity measures needed to secure the next tranche of European Union financial aid.

Charter International Plc soared 28 percent as Melrose Plc said it made a preliminary approach about a possible takeover offer for the engineering company. Salvatore Ferragamo SpA surged 11 percent on its first day of trading. ITV Plc and ICAP Plc surged more than 6 percent amid speculation they may become bid targets.