European Stocks Erase Drop as RWE Rises on Court Ruling
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European stocks erased their decline in the final half an hour of trading as RWE AG rallied, leading utility shares higher.
RWE jumped 5 percent after a German federal court ruled in its favor. Celesio AG slid 4.4 percent after McKesson Corp. said it failed to gain support from enough of the drug wholesaler’s shareholders to complete an acquisition. Jeronimo Martins SGPS SA declined 2.8 percent after the Portuguese retailer said sales growth slowed in Poland, its largest market.