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Aug 12 (Reuters) - Telecoms stocks boosted European bourses
on Wednesday following Liberty Global's takeover offer for
Sunrise Communications, while London's FTSE 100 gained on bets
of domestic stimulus after a collapse in quarterly economic
output.
The pan-European STOXX 600 .STOXX was up 0.2%, gaining for
a fourth straight session.
Sunrise Communications SRCG.S surged 26.8% after Liberty
Global LBTYA.O launched a takeover offer for the Swiss
telecoms group in a deal valued at 6.8 billion Swiss francs
($7.40 billion). Wall Street indexes fell overnight on growing uncertainty
about a stalemate in Washington over a fiscal stimulus deal,
while data showed Britain's economy shrank by a record 20.4%
between April and June, the largest contraction reported by any
major economy so far. .N London-listed shares of European food-ordering firm Just Eat
Takeaway.com NV JETJ.L also rose 3.3% after reporting higher
revenue and underlying profit for the first half of 2020.
British online fashion retailer ASOS ASOS.L jumped 9.9% as
it forecast full-year sales and profit significantly ahead of
market expectations.