Ericsson AB, the world's biggest maker of wireless networks, surged 30 percent after the Swedish company said it will cut as many as 13,000 jobs after an eighth quarterly loss.
Royal Ahold NV, the Dutch retailer, led gains in the Stoxx 600, surging 46 percent. The company, whose shares collapsed after it inflated earnings, named former Ikea President Anders Moberg as chief executive officer to rebuild confidence and cut debt.
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