RBS Rises as Clothing Retailer Next plc Declines in London

European stocks were mainly in positive territory Tuesday, as investors welcomed a decline in inflation and steady unemployment in the euro-zone.
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European stocks were mainly in positive territory Tuesday, as investors welcomed a decline in inflation and steady unemployment in the euro-zone two days before the next ECB monetary policy gathering in Frankfurt. In London, Royal Bank of Scotland Group rose after saying it expects to “significantly” outperform its previous guidance of GBP 1 billion ($1.62 billion) in impairment charges this year, amid improving economic conditions and asset prices, while clothing retailer Next plc fell after reporting that third quarter sales are up a lower than expected 6%, amid warmer than usual September weather. In Germany, IPO fever continues to heat things up as online clothing retailer Zalando priced shares for its upcoming IPO near the upper end of its range, and cable operator Tele Columbus announced plans to raise at least 300 million euro in a Frankfurt listing by year’s end.