European Stocks to Watch: AstraZeneca
Shares of London-based pharmaceutical giant AstraZeneca fell (down 0.9%), continuing a recent downward trend.
AstraZeneca shares were affected by a negative reaction to its chief financial officer, Jon Symonds, moving to investment bank Goldman Sachs.
Eurotunnel (Down 7.8%) CEO Jacques Gounon dismissed speculation the cross-channel train operator was due to be taken over, when speaking in an interview with LCI television Tuesday.
SThree (Up 0.2%) Shares in the British staffing firm rose as it announced strong growth in staff placements in the first half and said trading conditions remained positive.
Neopost (Down 0.3%) Shares in the mailroom equipment company fell in the face of a 1.3% rise in first-quarter sales after UBS cut the company to “neutral” from “buy.”
JJB Sports (Down 11.3%) The U.K. sports retailer met its expectations for the first 18 weeks of its financial year, but shares in the company fell on a 1.8% drop in like-for-like revenues.
Vodafone (Down 3.8%) The launch of the company's Mobile Internet service didn’t please investors, despite claims from the U.K.-listed telecom that the service is an accurate representation of the Internet on a mobile phone.