Douglas Holding, Henkel, Kloeckner & Co.: German Equity Preview

By Nadja Brandt

July 8 (Bloomberg) -- The following companies may have unusual price changes in Germany. Stock symbols are in parentheses, and share prices are from the previous close.

The X-DAX Index fell 1.1 percent to 6,311.16. The measure, derived from trading in DAX Index futures, provides an estimate of Germany's benchmark index. The DAX increased 2 percent to 6,395.75.

Douglas Holding AG (DOU GY): The cosmetics retailer's bookstore unit, Thalia AG, may bid for online bookstore and publisher Weltbild Verlag GmbH, the Handelsblatt newspaper said. Douglas shares fell 21 cents, or 0.7 percent, to 31.91 euros.

Henkel AG (HEN3 GY): The maker of Loctite glue and Persil detergent will cut about 3,000 employees from its global workforce of 52,000 in coming years, the Frankfurter Allgemeine Zeitung newspaper reported, citing the company. The shares climbed 58 cents, or 2.4 percent, to 25.20 euros.

Kloeckner & Co. AG (KCO GY): The steel trader said first- half earnings climbed 59 percent from last year, helped by price increases and acquisitions. The company foresees beating full- year profit forecasts. The shares increased 42 cents, or 1.4 percent, to 31.21 euros.

To contact the reporter on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net