18/02/2017
Silver lining: Strong earnings, M&A, cyclicals and Unilever lift European stocks
European shares posted their second week of gains on Friday with personal and household goods stocks led by a leap in UnileverBSE -0.51 %'s shares after a takeover bid, though banking and resources stocks saw a pull-back.
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A prime example of M&A activity was a surprise $143 billion takeover bid from US food company Kraft Heinz Co for household goods' Unilever.