Bloomberg News

European Stocks Gain; Vodafone, London Stock Exchange Advance

June 30, 2011

June 30 (Bloomberg) -- European stocks rose, extending the Stoxx Europe 600 Index’s biggest rally in three months. Asian stocks and U.S. futures also advanced.

London Stock Exchange Group Plc climbed 3.6 percent after the U.K. bourse scrapped its bid for TMX Group Inc. and UBS AG said the company may now be a takeover target. Vodafone Group Plc increased 0.9 percent after saying it could get an annual dividend of as much as $5.5 billion from its stake in Verizon Wireless.

The Stoxx Europe 600 Index rose 0.3 percent to 270.53 at 8:03 a.m. in London, extending yesterday’s 1.7 percent advance, the biggest gain since March 21, after Greek lawmakers approved a package of austerity measures to help secure financial aid. The gauge has lost 2.9 percent this quarter, its largest decline in a year, on concern that Greece will fail to repay all its debt.

To contact the editor responsible for this story: Will Hadfield at whadfield@bloomberg.net


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