Europe Stocks Climb After Two-Day Drop as Ferrovial Gains
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European stocks climbed, following a two-day decline, as companies including Ferrovial SA and Next Plc reported better-than-expected results.
Ferrovial rose 1.2 percent after the Spanish construction company posted first-half profit that exceeded projections and said it will buy back shares. Next advanced 2.6 percent after the retailer increased its annual profit and sales forecasts. BP Plc, which owns a stake in OAO Rosneft, declined 2.5 percent. Renault SA slid the most in four months as the French carmaker revealed that it is consuming more cash than it did a year ago.