European stocks rose for the third consecutive day, after it became clear that the leaders of the G-20 have agreed on actions to restore the global financial system, police Bloomberg. Shares in British food products manufacturer Cadbury Plc jumped 38 per cent after the company rejected a takeover bid worth 10.2 billion pounds of Kraft Foods Inc. Analysts say Kraft's offer may protracted competitive proposals from Nestle and other companies in the sector. By 5,9 per cent shares of appreciated even Lonmin Plc, again because of speculation about the acquisition. According to the Observer newspaper of Xstrata CEO Mick Davis has asked JPMorgan Chase & Co. and Deutsche Bank to explore a possible bid for Lonmin. The company declined comment. Pan-European index Dow Jones Stoxx 600 added 1.4 percent to 237.20 points as all 19 industry groups included in it, reported growth. The market is supported by the recovery started in mergers and acquisitions, analysts comment. G-20 over the weekend reached agreement on draft regulations designed to prevent future similar scale financial crisis. At the same time it became clear that investor confidence in the eurozone rose for the second consecutive month in September. Positive news came and factory orders in Germany. Major national indexes rose in all 18 western European markets. German DAX added 1.5 percent to 5463.51 points, with so grown and France's CAC 40. The UK's FTSE 100 advanced by 1,7 per cent to 4933.18 points.
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