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Industrial Stalwarts Lift European Stocks; VW’s Scania Maneuver Succeeds

Corporate news pushes European indices higher, though London stocks lag on expectations that a Bank of England report on Wednesday will contain bad news on rates. ThyssenKrupp leads the DAX higher as the steel maker and industrial machinery group swings back into the black and lifts its full-year targets. In Paris Airbus stock soars on better-than-expected first-quarter earnings . And in Stockholm holdout investors in Scania prepare to hand over their stock to Volkswagen after the German group succeeds with a controversial $9.3 billion buyout bid.