European Stocks Rise After Weekly Drop; Shire Shares Gain
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European stocks climbed, after the Stoxx Europe 600 Index posted its biggest weekly drop since March, as Shire Plc and Kuehne & Nagel International AG gained.
Shire advanced after saying it is willing to recommend an offer from AbbVie Inc. Kuehne & Nagel rose the most in three months after reporting earnings that beat analyst forecasts. Sports Direct International Plc increased 3.6 percent after saying it will expand into Australia and New Zealand. Banco Espirito Santo SA dropped 7.5 percent after appointing a chief executive officer.