Pursuits
European Stocks Advance on China Manufacturing; Alcatel Rallies
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European stocks advanced for a fourth day, posting the longest winning streak in five weeks, after a report signaled Chinese manufacturing expanded for the first time in 13 months.
SABMiller Plc, the world’s second-largest brewer, jumped the most in 13 months after reporting first-half profit that beat estimates. Daily Mail & General Trust Plc, publisher of Britain’s Daily Mail newspaper, surged the most in 3 1/2 years after announcing a share buyback. Alcatel-Lucent SA soared 16 percent after the company was said be in financing talks with Goldman Sachs Group Inc.