Cryo-Save, GBL, Telenet, Zetes: Benelux Equity Market Preview
The following companies may have unusual price changes in Benelux markets. Stock symbols are in parentheses and prices are from the previous close.
Cryo-Save Group NV (CRYO) : The operator of the biggest stem cell bank in Europe reported that full-year operating profit surged 92 percent to 4.5 million euros ($6.4 million). The shares jumped 3.1 percent to 5.41 euros.
Exact Holding NV (EXACT) : The Dutch business-software supplier said that its Chief Executive Officer Martijn Janmaat will step down at the end of August. The shares added 0.6 percent to 20.715 euros.
ING Groep NV (INGA) : The biggest Dutch financial- services company said the bank’s management board waived their 2010 bonuses and a planned fixed salary increase for 2011 after the country’s finance minister Jan Kees de Jager said he was “disappointed” that the bank planned to pay its chief executive officer 1.25 million euros on top of his basic salary. The shares advanced 3.6 percent to 8.97 euros.
TMC Group NV (ALTMC NA): The Dutch provider of personnel placement services reported 2010 earnings before interest and taxes of 4.73 million euros and sales of 42 million euros. The shares soared 5.1 percent to 10.88 euros.
Royal Ahold NV (AH NA): The owner of Stop & Shop supermarkets in the U.S. was cut to “hold” from “buy” at UniCredit SpA. The shares rose 0.3 percent to 9.29 euros.
Royal Dutch Shell Plc (RDSA) : Europe’s largest oil company won approval for deep-water exploration in the Gulf of Mexico, the first plan cleared by U.S. regulators since BP Plc’s Deepwater Horizon rig exploded last May, triggering the world’s biggest accidental spill. The shares gained 1.4 percent to 24.94 euros.
Connect Group (CONN) NV: The Belgian contract maker of electronics for clients including Barco NV said its fourth- quarter loss from continuing operations narrowed to 91,000 euros from 1.57 million euros a year earlier. The shares climbed 4 percent to 2.10 euros.
Groupe Bruxelles Lambert SA (GBLB) : The Belgian investment firm controlled by billionaires Albert Frere and Paul Desmarais agreed to take over Pargesa Holding SA’s (PARG SW) stake in Imerys SA (NK FP) for 1.09 billion euros in cash to raise its holding to 56.4 percent. GBL has no plan to buy out the minority investors in Imerys. Groupe Bruxelles Lambert’s shares increased 1.9 percent to 63.49 euros.
Telenet Group Holding NV (TNET) : Liberty Global Inc.’s Dutch unit Binan Investments BV spent 5.89 million euros buying an additional 189,000 of the Belgian cable operator’s shares, according to a regulatory filing. Binan has purchased 439,000 Telenet shares so far this month. The shares gained 2.8 percent to 32.07 euros.
Zetes Industries SA (ZTS) : The maker of Belgium’s electronic identity cards said full-year net income rose 63 percent to 8.37 million euros. Zetes plans to distribute 1 euro a share to investors, including an extraordinary dividend of 53 euro cents a share. The shares lost 1.6 percent to 16.72 euros.
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