Pursuits
Adidas Rises to Record as Puma Beats Forecast: Frankfurt Mover
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Adidas AG, the world’s second-largest sporting-goods maker, rose to the highest price on record in Frankfurt trading after competitor Puma AG said it exceeded its annual sales forecast.
Adidas gained 2.6 percent to 59.26 euros, extending the stock’s advance this year to 18 percent. Puma climbed 3.1 percent to 247.25 euros, taking its gain in 2012 to 9.9 percent.