European Stocks Decline on Bank-Capital Concern; UniCredit Sinks

European stocks retreated from a five-month high as UniCredit SpA’s rights offer boosted concern that banks will need to raise more capital to weather the region’s debt crisis.

UniCredit, Italy’s largest lender, slid the most in more than two decades after setting a 43 percent price discount for the rights offer. Vestas Wind Systems A/S, the world’s biggest wind-turbine maker, slumped 19 percent after cutting its revenue and profit forecasts. Next Plc dropped 3.1 percent as the U.K.’s second-largest clothing retailer reported sales that missed analyst estimates.