European stocks climbed, with the Stoxx Europe 600 Index extending its highest level since June 2008, as companies from ING Groep NV to Deutsche Telekom AG posted quarterly earnings that beat estimates.
Delhaize Group SA, the owner of the Food Lion supermarkets, rose in Brussels trading after reporting earnings that beat analyst estimates as sales at U.S. stores open at least a year climbed at the fastest pace in 1 1/2 years.
Serbia halted talks with Delhaize Group SA of Belgium on the sale of the state’s 16 percent stake in local retailer C Market until investigators complete a probe into the Serbian company’s privatization.
Delhaize Group SA, the owner of the U.S. Food Lion stores, rose the most in almost 3 1/2 years after price cuts lured back shoppers, driving revenue growth in more than a third of the Food Lion network.
Delhaize Group SA, the owner of the U.S. Food Lion supermarkets, fell the most in 16 months in Brussels trading after reporting sales that missed analysts’ estimates and saying it will close 146 unprofitable stores.
Delhaize Group SA, the Belgian food retailer that gets 64 percent of revenue from the U.S., lowered its dividend for the first time in 10 years after saying U.S. margins will continue to shrink this year because of price cuts.
Delhaize Group SA, the Belgian food retailer that gets 64 percent of revenue from the U.S., rose to an 11-month high in Brussels as a decline in net debt eased concern the company may lose its investment-grade credit rating.