The following stocks may rise or fall in European markets. Prices are from yesterday’s close. Stock symbols are in parentheses.
The Dow Jones Stoxx 600 Index fell 0.2 percent to 287.40 and the Stoxx 50 dropped 9.76, or 0.3 percent, to 3156.78. The Euro Stoxx 50, a benchmark for the 12 nations using the euro, lost 18.92, or 0.6 percent, to 3307.42.
Companies that will enter the Dow Jones Stoxx 600 Index may rise as funds that mirror the benchmark buy shares of new members. The changes take effect at the start of trading on Sept. 19.
Gaz de France SA (GAZ FP) slipped 6 cents, or 0.2 percent, to 28.48 euros. Lundin Petroleum AB (LUPE SS) fell 0.8 percent to 91.5 kronor. PartyGaming Plc (PRTY LN) added 1 pence, or 0.6 percent, to 161. Inmarsat Plc (ISAT LN) added 0.2 percent to 320.5 pence. C&C Group Plc (GCC ID) lost 10 cents, or 2.4 percent, to 4.10 euros and Stork NV (STO NA) rose 37 cents, or 0.9 percent, to 40.30 euros.
More: bloomberg.com
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Europe stocks end slightly higher
LONDON, England (Reuters) -- European shares closed slightly higher on Tuesday as a 1.6 percent spike in oil prices knocked the wind out of a three-session rally but kept energy stocks firm, while Adecco shares outperformed.
Shares in the world's biggest recruitment services company surged around 5 percent as investors welcomed the resignation of Chief Executive Jerome Caille after a year of criticism and just days after Adecco reported third-quarter results that fell short of expectations.
The FTSEurofirst 300 index of leading European shares closed 0.07 percent higher at 1,243.4 after briefly setting a new 3-1/2 year peak
Bank of America (BAC.N: Quote, Profile, Research) has recruited eight bankers to boost its European equity derivatives business, it said on Friday, as it continues its investment banking expansion drive outside its home market.
The Charlotte, North Carolina-based bank has already increased its staffing in Europe by around a third.
The latest hires will expand the bank's existing London presence in equity derivatives, which is led by Alex Bernand, head of structured credit trading and head of equity financial products in Europe.
The new appointments are as follows:
Emmanuel Slezack has joined as head of European equity derivative index trading to look after
Nestle SA, the world’s largest food company, said first-half profit rose 32 per cent on cost cuts and faster sales growth in the US and Asia.
Net income climbed to Sfr3.68 billion (Sfr1 = RM3.03) from Sfr2.78 billion a year earlier, the Vevey, Switzerland-based company said today in a statement. A survey of nine analysts showed a median estimate of Sfr3.58 billion. Sales gained 2.4 per cent to Sfr43.5 billion.
The results “allow us to be confident” of achieving asales-growth target excluding currency effects and acquisitions of 5 per cent to 6 per cent and further improve profit margins, chief executive
Standard & Poor's Equity Research reiterated a "hold" rating on Palm (nasdaq: PALM - news - people ) after the company reported strong fiscal first-quarter earnings.
S&P Equity Research said, "While 25% higher revenues met our estimate, upside came mainly from operating expenses and taxes that were lower than our model. Treo units rose 160% to 470,000 units on strong demand but, as was our concern, PDA units fell, off 22% on what we view as poor penetration in Europe."
Palm sees fiscal second-quarter revenue slightly below the research firm's model of $435 million to $440 million, but S&P Equity
Eyes on Asias private equity turning hostile
THE leveraged buyout last week of US hospital operator HCA for $US33 billion ($43.4 billion) again highlighted the power wielded by private equity in the worlds developed stock markets.
The significance and size of the deal, the largest leveraged buyout, was felt keenly across Asia, home to fast-growing, under-developed stock markets.
However, the regions private equity firms -- not to mention the armies of bankers and lawyers who now advise them -- also have their sights trained on a landmark battle that is raging closer to home.
Affinity Equity Partners, which is based in Hong
