European Stocks Advance to 4 1/2-Year High; Serco Rallies
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European stocks rose, with the Stoxx Europe 600 Index rallying to a 4 1/2-year high, amid speculation that central banks around the world will continue with measures to support economic recovery.
Standard Chartered Plc climbed to a two-year high after reporting a record profit for the 10th consecutive year. Serco Group Plc headed for the biggest increase in more than nine years after boosting its dividend by 20 percent. Ophir Energy Plc surged the most in more than nine months after announcing a share sale. Telenet Group Holding NV fell 1.3 percent.