ALL >> Business >> View Article
European Markets Overview – 29th July 2013
Total Articles: 26
Jul. 30, 2013 - CHUO-KU, Japan -- The Stoxx Europe 600 index climbed half a point to 300.2, after a 0.2% dip on Friday. We expect the markets to remain fairly stagnant until later this week, as investor monitor meetings of The European Central Bank, The Bank of England, and US Federal Open Market Committee for any changes to monetary policy.
Irish based biotech firm Elan Corp. gained 11% after an announcement by US based Perrigo Co. stating that they would buy Elan Corp. for $8.6 billion in both cash and shares. Perrigo will buy Elan for $16.50 a share, 10.5% higher than Elan closed on Friday.
Dublin-based Ryan air Holdings PLC dropped more than 3% as the low cost airliner reported a 21% decline in fiscal first quarter profits, and issued a cautious outlook for the rest of the year due to high fuel costs, government taxes, and the recession.
French yoghurt producer DANONE rose 3.5% after confirming their full year targets and reporting a 6.7% climb in sales last quarter.
Advertising firms were some of the day’s biggest gainers. The French advertising firm, Publicist Group SA is up more than 2% after the announcement of a merger with the American firm Omnicom Group Inc. This merger represents the biggest deal in advertising industry history, creating Publicist Omnicom Group. It will have a market capitalization of $35.1 billion, surpassing the market leader WPP PLC. Other advertising firms also rose, French Havas SA is up more than 4% and WPP PLC is up 1.5%. Competitors are benefiting because the merger of the two giant advertising firms will cause client conflicts and drive business elsewhere.
Barclays PLC is one of the day´s biggest losers, dropping more than 4%, due to speculation that the bank will raise capital by issuing new securities. The bank has released a statement saying that they are in discussions with the Prudential Regulation Authority about their financial and capital management plans and they will update the market later this week.
Business Articles1. Retrofit Height Adjustable Desk
2. Bring In Professional Experts To Rule Out The Adverse Effects Of Fire Damage
Author: Ethan Lewis
3. Mp Breaking News –easily Know The Every Single Movement Happening Around Mp
4. Carbonated Soft Drink
5. Get The High Quality Patio That Will Make You Happy And Satisfied
Author: Carol Belanger
6. Get The Fitted Wardrobe That Will Make You Happiest In Your Room
Author: Kevin Gasser
7. Get The Right Training Room For Your Important Event
Author: Singapore training
8. Learn How To Get A Carport That Suits Your Needs
Author: Adam Greger
9. Contact Professional Company For Best Retaining Walls Adelaide Solutions
10. Choose Banc De Binary Broker For Opening An Account In Binary Options Trading Market
11. Medicos Venezolanos Para Trabajar En Ecuador, Foro Ecuador
12. Taking Care Of Your Floors During The Winter
Author: Barry’s My Carpet Inc. is a family owned and operated establishment. Barry Silverstein has over 38 y
13. Phen375 Vs Phenq Fat Burning Diet Pills Reviews Shocking Comparison Facts
14. Let’s Understand Real Estate Regulations Act [rera]
Author: Aksha Group
15. Various Benefits Of Using Silver Coated Copper Wires For Industrial Applications
Author: Nitin Pratap Singh.