European Stocks Drop Amid Ukraine Tensions as Suedzucker Tumbles
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European stocks declined for a second day as investors weighed escalating tensions between America and Russia over the future of eastern Europe.
Suedzucker AG plunged the most since at least 1998 after saying revenue and profit in the year through February 2015 will miss analysts’ estimates. Sports Direct International Plc slid the most this year after founder Mike Ashley sold a 4 percent stake. Nokia Oyj climbed the most since October after getting China’s approval for the sale of its handsets business to Microsoft Corp.