|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Tuesday 02nd of December 2008
November 21, 2006

Deutsche Borse gains on bids talk


by Elaine Frei

The FTSE Eurofirst 300 added 0.1 percent to 1,468.30 on Tuesday on light trade.

Among gainers on the day was Alitalia, which gained 3 percent to €0.986 on speculation that the Italian airline could hook up with international carriers.

Consumer goods company Henkel was 3.8 percent higher to €112.28 on a target share price upgrade from Merrill Lynch, which also repeated its “buy” recommendation citing growth in sales. The broker raised the German company’s target share price from €100 to €127.

Bancha Monte dei Paschi di Siena added 1.3 percent to €4.89 when French insurance company CNP Assurances revealed that it is interested in bidding for the Italian bank’s insurance unit, MPS Vita. CNP added 0.2 percent to €82.15 on the news.

Danone was 1.9 percent higher to €119.00 after Goldman Sachs issued a “buy” recommendation for the French foods group on the basis of growth that was outpacing the sector.

Luxury goods group Richemont added 1.4 percent to SFr66.65 on an improved full-year earnings forecast from Goldman Sachs. The upgrade came after Richemont announced on Friday that profits were up 22 percent in the first half.

Deutsche Borse was up 3 percent to €129.74 after speculation surfaced that it might be interested in bidding on Spanish exchange BME now that the German exchange has withdrawn its bid for Euronext. BME gained 7.4 percent to €29.95 on the rumors.

Discuss this in the Finance Markets forums

Story link: Deutsche Borse gains on bids talk


Add to Bookmarks:

ADD TO DEL.ICIO.US     ADD TO DIGG     ADD TO FURL

ADD TO STUMBLEUPON     ADD TO YAHOO MYWEB     ADD TO GOOGLE     ADD TO SPURL

 

 

Previous: « Banks see losses in Tokyo
Next: Google goes above $500 per share »

Visited 282 times, 1 so far today