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European shares up, Unilever and Pearson weigh on FTSE - For more see the European equities LiveMarkets blog

Reuters - UK Focus

LONDON, Feb 20 (Reuters) - Live coverage of European markets now available on cpurl://apps.cp./cms/?pageId=livemarkets

Summary:

**STOXX remains close to 13-month peak

**Unilever (NYSE: UL - news) 's slump after Kraft walks away weighs

**Deutsche Telekom (IOB: 0MPH.IL - news) lifts sector on US wireless merger hopes

**French, Italy banks lag positive banking sector; RBS (LSE: RBS.L - news) up

**Pearson (Xetra: 858266 - news) among most-shorted stocks ahead of earnings

**Volumes seen thin as U.S. markets closed for holiday

(Reporting by Helen Reid)