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Cadbury, Danone Lead Europe Higher |
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12:37 PM EDT August 02 2006 |
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European markets finished Wednesday session sharply higher, boosted by positive profit outlook from Danone and Cadbury Schweppes, as well as strong gains on Wall Street, following better-than-expected earnings from Time Warner and Procter & Gamble. British confectionery maker Cadbury Schweppes jumped 3.2% after saying first-half net profit rose to 819 million pounds on 22.5% increase in revenue. Food group Danone rose 4.4% after it reported a stronger-than-forecast rise in first-half profit and lifted its revenue growth forecast. The German DAX 30 surged 1.5%, the French CAC 40 soared 1.6%, and London FTSE 100 climbed 0.9%.
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