Europe Stocks Decline From 4 1/2-Year High; Edenred Falls
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European stocks fell from a 4 1/2-year high, with the benchmark index reversing gains in the last hour of trading, as companies from Henkel AG to Legal & General Group Plc posted earnings.
Edenred, Danske Bank A/S and Sacyr Vallehermoso SA paced declining shares as investors sold stakes. Henkel rose to the highest in at least two decades after sales beat analyst forecasts. Legal & General gained 2 percent as the insurer increased its dividend payout.