Pursuits
Unilever Dents Europe Stock Advance as Pound Rises: Markets Wrap
- Kraft Heinz withdraws $143 billion bid for foodmaker
- British pound strengthens most in 2 weeks on Brexit debate
BMO's Gallo Sees Euro Strength Diminishing
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European stocks pared an advance as a slump in Unilever NV largely offset gains across most industries. The pound recouped some of Friday’s losses as Britain’s House of Lords debated Brexit.
Equities in the world’s biggest single market climbed as much as 0.5 percent before flagging as Unilever declined on the withdrawal of Kraft Heinz Co.’s $143 billion takeover bid. The pound headed for biggest advance in more than two weeks against the dollar. Oil advanced for a third day and spot gold rose for the fourth session in five.