European Stocks Little Changed as St. James’s Place Drops
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European stocks were little changed, with the Stoxx Europe 600 Index closing near its highest level in 4 1/2 years, as a report showed that U.K. manufacturing output unexpectedly contracted.
Antofagasta Plc climbed to its highest price in a month after the copper producer more than doubled its dividend from a year earlier. St. James’s Place Plc dropped the most in eight months after Lloyds Banking Group Plc reduced its stake in the wealth manager. Pirelli & C. SpA fell after forecasting earnings for 2013 that fell short of analysts’ estimates.