European Stocks Climb for Third Day; Home Retail, Whitbread Gain
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European stocks gained for a third day as Greece moved closer to forming a government and a Spanish debt sale met targets, outweighing a bigger-than-forecast decline in German investor confidence.
Home Retail Group Plc surged 24 percent as sales at the Argos chain beat estimates. Whitbread Plc jumped 6.4 percent as first-quarter revenue increased. SAP AG rose 2.1 percent after U.S. peer Oracle Corp. reported fourth-quarter profit that beat estimates. Danone tumbled 6 percent after the world’s biggest yogurt maker cut its profitability forecast.