European Stocks Rise as Maersk, Imperial Tobacco Advance
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European stocks advanced for a second day as A.P. Moeller-Maersk A/S and Imperial Tobacco Group Plc climbed after posting earnings.
Maersk jumped 4.9 percent after the world’s biggest container-shipping line raised its full-year profit forecast. Imperial Tobacco added 2.3 percent after reporting a smaller sales decline than analysts had predicted. Balfour Beatty Plc gained 3.2 percent as Carillion Plc increased its offer for the builder. BHP Billiton Ltd. dropped 4.9 percent after the mining company posted annual profit that missed analysts’ estimates.