3U Holding, Daimler, ProSiebenSat.1, RWE: German Equity Preview
The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses, and share prices are from the previous close.
The benchmark DAX Index (DAX) rose 82.10 points, or 1.1 percent, to 7,376.24.
3U Holding AG (UUU) : The telecommunication services company’s management board decided to repurchase up to 10 percent of the company’s shares from July 1 through Aug. 18, 2015, the company said in a statement on the DGAP newswire. The shares were unchanged at 87 cents.
Daimler AG (DAI) : The luxury car maker’s Mercedes-Benz trucks unit will hire 1,250 workers this year for assembly plants in Brazil and Argentina, the company said. The unit, which sold 162,000 trucks in 2010, expects to exceed sales volume of 200,000 vehicles in Brazil by 2020. The shares rose 1.1 percent to 51.90 euros.
ProSiebenSat.1 Media AG (PSM) : Europe’s second-largest broadcaster plans to expand to Asia and the Middle East to boost sales, Handelsblatt reported, citing Chief Executive Officer Thomas Ebeling. The CEO added that the company will report a “record year” for 2011, the newspaper said. The shares rose 2.6 percent to 19.55 euros.
RWE AG (RWE) : The German utility’s U.K. unit Npower posted a loss before interest and tax of 90 million pounds ($144 million) from its retail business and a loss of 38 million pounds from its generation business, according to a document on its website. The shares rose 1.3 percent to 38.24 euros.
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