3U Holding, Infineon Technologies, Montea: Europe Equity Market Preview
The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses and prices are from the last close.
The Stoxx Europe 600 Index slipped 1.2 percent to 252.97. The Stoxx 50 Index declined 1.2 percent to 2,456.13. The Euro Stoxx 50 Index, a benchmark for nations using the euro, dropped 1.3 percent to 2,702.81.
3U Holding AG (UUU GR): The telecommunication services provider said its board decided to buy back up to 10 percent of the company’s shares from July 19 through Feb. 27, 2011. The stock rose 1.6 percent 65 euro cents.
Infineon Technologies AG (IFX GY): The chipmaker expects sales in its 2010/11 financial year to increase in the “high- single-digit range,” Sueddeutsche Zeitung reported, citing an interview with Chief Executive Officer Peter Bauer. The stock fell 3.4 percent to 5.13 euros.
Montea SCA (MONT BB): The owner of warehouses in Belgium and France said it sold a 4,425 square-meter property in the Belgian town of Buggenhout for 900,000 euros and will record a gain of 300,000 euros on the transaction. Montea decreased 1.3 percent to 20.11 euros.