GO
Loading...

European Stocks to Watch: Arriva

Shares in Britain's Arriva jumped 7.9 percent Tuesday on news the transport company won a contract to run the country's biggest rail franchise, Cross Country.

Arriva overcame competition from Richard Branson and Stagecoach's Virgin Rail, which currently operates the network.

The franchise would generate over 600 million pounds ($1.2 billion) a year in revenue, including around 1 billion pounds ($2 billion) of government subsidies spread across its eight-year lifetime from November, according to Arriva's calculations.

Unilever (Up 1.9 percent) Shares in the food producer gained due to speculation from traders the sector was due for further consolidation, following Danone's $17 billion bid for Numico Monday, Reuters reported.

Enia (Up 6.7 percent) Shares in the Italian regional utility soared on their first day of trading following its initial public offering Monday, which the company said was well oversubscribed.

Gamesa (Up 3.3 percent) the Spanish wind turbine maker gained on an upgrade from Morgan Stanley, following a review of European wind power sector.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More

Don't Miss

U.S. Video

  • CNBC's Michelle Caruso-Cabrera reports the markets seem to be pricing in a "no vote" in regards to Scotland's independence vote from the United Kingdom. Caruso-Cabrera discusses the fate of the UK's national flag.

  • Art Cashin of UBS assesses the extent of the Alibaba effect in the stock market, and thinks Friday's open and close will be amazing as quarterly options expire and Alibaba's IPO takes place.

  • CNBC's Steve Liesman rounds up Thursday's economic data, including lower than estimated August housing starts at 956,000, as well as the market's reaction to the Fed's rate decision