(Bloomberg) -- European stocks advanced, led by airlines and oil companies, on speculation British Airways Plc and Cairn Energy Plc will be takeover candidates.
Insurance companies also climbed as Prudential Plc faced demands by shareholders to breakup the insurer. BT Group Plc limited gains after earnings at the U.K.'s largest phone company missed analysts' estimates. Xstrata Plc paced a decline by mining stocks after copper dropped in London and New York.
Read more at Bloomberg Stocks News
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