European Stocks Climb to 5-Year High in Week; Corus, BBVA Gain

Oct. 7 (Bloomberg) -- European stocks rose this week, sending the Dow Jones Stoxx 600 Index to a five-year high, as takeover speculation picked up and oil prices retreated.

Corus Group Plc, a U.K. steelmaker, and lender Banco Bilbao Vizcaya Argentaria SA gained as investors bet they may be bought. Air France-KLM Group led airlines higher as crude fell below $60 a barrel. Tesco Plc, Britain's biggest retailer, jumped after reporting record earnings.