Enter multiple symbols separated by commas

European Stocks to Watch: Next, ST Microelectronics, Air Berlin, Adidas and Swiss Life

Here are some of Tuesday’s big movers on European stock markets:

Next (up 3.46%) Britain’s second largest retailer rose on speculation that an investment bank had joined forces with a private equity group to work on a buyout of the clothing retailer at about 2,500 pence per share.

ST Microelectronics (up 1.89%) The company announced it will approve a cash dividend of $0.30 a share at its annual meeting, which will be held in Amsterdam on April 26, 2007.

Air Berlin(up 2.47%) The airline announced it will buy loss-making charter carrier LTU for 140 million euros ($185.8 million).

Adidas (up 4.99%) BNP started coverage of the German sporting goods maker with “outperform” rating and a price target of 49 euros ($64). Additionally, U.K. investor and sports retail group owner Michael Ashley increased his voting stake in Adidas to 3.14% and there was speculation that he wants to raise his stake to 10% in the German company.

Swiss Life (down 1.93%) The company reported earnings that topped expectations, but investors decided to take some profits on the stock, which had climbed ahead of the report.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video