By Rainer Buergin and Stefanie Haxel
Jan. 19 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses, and share prices are from the previous close.
DAX Index futures expiring in March advanced 32, or 0.7 percent, to 4,420 as of 8:07 a.m. in Frankfurt. The DAX increased 0.7 percent to 4,366.28.
Adidas AG (ADS GY): The world’s second-largest sporting-goods maker sued Aldo Group Inc. over claims the Canadian footwear retailer copied a three-stripe design in violation of two earlier settlement agreements. The shares climbed 49 cents, or 1.9 percent, to 26.03 euros.
Bayerische Motoren Werke AG (BMW GY): The world’s largest maker of luxury cars make seek German government guarantees for its bond sales to reduce refinancing costs, the Euro am Sonntag newspaper reported, citing a BMW spokesman. The shares lost 4.5 cents, or 0.2 percent, to 19.555 euros.
DAB AG (DRN GY): The online brokerage had no writedowns on its investment portfolio in the fourth quarter, Alexander von Uslar, its chief executive officer, was quoted as telling Reuters. The shares rose 8 cents, or 3.5 percent, to 2.38 euros.
Deutsche Bank AG (DBK GY): Germany’s biggest bank will stop trading on its own account after incurring losses of about 1.5 billion euros ($2 billion), Spiegel magazine reported, without saying where it got the information. The shares shed 74 cents, or 3.6 percent, to 20.02 euros.
Deutsche Lufthansa AG (LHA GY): Europe’s second-largest airline could face strikes by cabin crews after failing to present an improved wage offer in the third round of negotiations, the cabin crew’s labor union said Jan. 17. The shares gained 31.5 cents, or 3 percent, to 10.68 euros.
Deutsche Post AG (DPW GY): Europe’s biggest mail carrier reported operating profit before one-offs of more than 2.4 billion euros ($3.2 billion) for 2008, slightly beating its goal. The shares fell 16 cents, or 1.7 percent, to 9.42 euros.
Dialog Semiconductor Plc (DLG GY): The chipmaker met its target for “substantial” sales growth last year. The company plans to report full results on Feb. 25. The shares sank 3 cents, or 4.7 percent, to 61 cents.
E.ON AG (EOAN GY): Germany’s largest utility and smaller rival RWE AG were rated “buy” in new coverage at Royal Bank of Scotland Group Plc, which said “operational performance should remain healthy.”
Separately, E.ON’s Ruhrgas AG unit, Germany’s largest gas provider, said further talks are needed before it will agree to a resolution by Russian Prime Minister Vladimir Putin to set up a gas group. RWE AG said it will pump gas from its own supplies to Slovakia in addition to providing transit services for the fuel. E.ON shares lost 11 cents, or 0.4 percent, to 25.03 euros. RWE (RWE GY) dropped 18 cents, or 0.3 percent, to 59.47 euros.
Hypo Real Estate Holding AG (HRX GY): The German government won’t take a stake in the commercial-property lender for the time being because it needs parliamentary approval, Reuters reported. New loan guarantees will still be approved, it said. The shares sank 9 cents, or 4.2 percent, to 2.08 euros.
Kontron AG (KBC GY): The maker of miniature computers met its 2008 goal with an 11 percent increase in sales to 495 million euros. Kontron increased 45 cents, or 8 percent, to 6.05 euros.
MorphoSys AG (MOR GY): The biotechnology company that develops antibodies plans to expand and accelerate the development of medicines from its own labs by more than doubling the amount it spends on research and development this year. The shares lost 14 cents, or 0.9 percent, to 16.36 euros.
MPC Capital AG (MPC GY): Germany’s largest closed-funds manager obtained 500 million euros in financing from a group of 12 banks, Financial Times Deutschland said, without saying where it got the information. The shares added 45 cents, or 7.1 percent, to 6.78 euros.
Siemens AG (SIE GY), Allianz SE (ALV GY): Europe’s largest engineering company expects to receive several million euros from an insurance policy it took out to protect itself against damages caused by management and supervisory board members, the Sueddeutsche Zeitung reported. The money would be paid by a group of insurers led by Allianz.
Separately, Siemens will seek about 6 million euros in damages from former Chief Executive Officer Heinrich von Pierer for an alleged violation of supervisory responsibilities after a bribery scandal, Financial Times Deutschland reported, citing unidentified people close to the company. Siemens fell 4 cents, or 0.1 percent, to 43.20 euros. Allianz (ALV GY), Germany’s largest insurer, gained 1.90 euros, or 3 percent, to 65.74.
Wincor Nixdorf AG (WIN GY): The world’s second-largest maker of automated teller machines said it is sticking to a forecast that 2009 sales and profit will match last year’s level. The shares rose 39 cents, or 1.2 percent, to 33.61 euros.
To contact the reporter on this story: Rainer Buergin in Berlin at rbuergin1@bloomberg.net; Stefanie Haxel in Frankfurt at shaxel@bloomberg.net.
Posts
No comments:
Post a Comment