European Stocks Advance, Extending Rally; Kuoni Increases
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European stocks rose, extending their biggest gain in two weeks, after Russian President Vladimir Putin said he isn’t seeking to split up Ukraine.
Kuoni Reisen Holding AG climbed 8.2 percent after Switzerland’s biggest travel company posted 2013 profit that exceeded analysts’ estimates. SBM Offshore NV rallied 6.3 percent. Cairn Energy Plc fell to its lowest price in more than 10 years after saying it is suspending a buyback program. Scania AB declined 2.1 percent after a board committee recommended rejecting Volkswagen AG’s takeover offer.