European Insurance Stocks Fall, Led by Legal & General; ABB Advances

(Bloomberg) -- European insurance stocks declined,
led by Legal & General Group Plc after the company said flood
claims hurt first-half profit.

Legal & General, Britain's third-biggest insurer, fell the most
in four years. ABB Ltd., the world's largest builder of electricity
networks, led gaining shares after reporting earnings that beat
analysts' estimates. Petroleum Geo-Services ASA jumped after the
world's third-biggest oilfield mapping service said profit more than
doubled.


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