Europe Stocks Drop for Third Day; BG Group, Vodafone Fall
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European stocks fell for a third day, sending the Stoxx Europe 600 Index to its lowest level in a month, with BG Group Plc and Vodafone Group Plc tumbling.
BG Group plunged 14 percent after the U.K. oil and gas producer said 2013 earnings would be lower than forecast. Vodafone lost 3.9 percent after AT&T Inc. said it doesn’t intend to make an offer for Europe’s largest mobile-phone operator. Lanxess AG climbed 8.2 percent after the chemical maker named Merck KGaA finance chief Matthias Zachert as its chief executive officer. Merck tumbled 10 percent.