GO
Loading...

Enter multiple symbols separated by commas

European Stocks to Watch

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

Bauer (up 5.45%) Deutsche Bank raised the German machinery firm’s target to 57 euros from 37 euros, saying the company’s equipment earnings momentum and full construction profitability should lead to a great financial performance in future.

Vallourec (up 4.80%) The French seamless steel tubes specialist climbed despite Arcelor Mittal denying plans to bid for the company.

Aberdeen Asset Management (up 3.95%) The British financial company reported on Wednesday that its assets under management stood at 78.4 billion pounds ($153.8 billion) at the end of February, up 3.75% from the end of December, confirming that its investment performance remains healthy.

Next (up 2.52%) Britain’s second-largest retailer rose on Wednesday as talk of a 2,500-pence-per-share bid continues to surround the stock.

Total (up 1.38%) The French oil and gas company followed other energy companies higher as oil prices marched higher. Also gaining were BP, Royal Dutch Shell, ENI and Neste Oil.

Beneteau (up 2.21%) French boat-to-car builder reported on Tuesday first-half like-to-like sales climbed 9.3% to 348.7 million euros ($462.8 million).

Lufthansa (down 0.35%) British Airways is considering a 1 billion pound ($2 billion) bid for bmi. The German airline holds a 30% stake in bmi worth around 500 million pounds ($1 billion).

TNT (up 1.08%) The Dutch mail company will buy the remaining 49% stake of call center Cendris BSC Customer Contract it does not own. The amount of the deal was not disclosed.

Technical Olympic (down 4.58%) The homebuilder’s shares fell lower after bonds of its subsidiary Technical Olympic USA plunged more than six points, due to the U.S. housing market woes.

Siemens (down 2.30%) Siemens executive board member, Johannes Feldmayer, was taken into custody on Tuesday in connection with the bribery affair at Germans workers’ association AUB.

Contact U.S. News

  • CNBC NEWSLETTERS

    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

  • Cramer: Here's a sign the market could rally

    Wall Street's been soaking in red, but "Mad Money" host Jim Cramer has one signal to watch for that could point to another run.

  • Burger war maneuvers

    Cramer looks at the number of company's selling burgers and tries to determine the quality names, as well as those to avoid.

  • Cramer: What's driving defense?

    Cramer says that even though President Obama has made it clear the US can no longer be the world's policeman, the country can become the world's arms dealer. Profiting from defense spending.