European car sales rose a fifth consecutive month in January as the start of an economic recovery in countries sharing the euro encouraged purchases of models such as Volkswagen AG’s Golf hatchback and Audi A3 sedan.
Renault SA, Europe’s third-largest carmaker, said 2013 operating profit jumped 59 percent as low- cost models from the Dacia brand pushed delivery growth and the company lowered costs. The stock rose the most in five weeks.
Renault SA, France’s second-biggest carmaker, reported unexpected growth in first-half profit as labor-cost reductions and higher vehicle prices more than offset slumping sales in a shrinking European auto market.
Royal Ahold NV, the Dutch owner of Stop & Shop and Giant stores, led shares of European retailers lower as reports from across the region showing higher holiday sales of food, clothing and electronics failed to impress.