Bijou Brigitte, Siemens, ThyssenKrupp: 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.

DAX Index futures expiring in September added 0.4 percent to 5,666.5 as of 8:36 a.m. in Frankfurt. The DAX declined 0.5 percent to 5,643.92 yesterday.

Bijou Brigitte Modische Accessoires AG (BIJ GY): The retailer said first-half net income fell to 18.8 million euros ($27.2 million) from 24.5 million euros in the year-ago quarter. The shares slipped 0.8 percent to 65.15 euros.

German retail sales remained unchanged in July after surging the most in more than three years in the previous month, the Federal Statistics Office in Wiesbaden said today.

Metro AG (MEO) : The majority of members on the German retailer’s supervisory board oppose extending the contract of Chief Executive Officer Eckhard Cordes past October 2012, when it expires, Financial Times Deutschland reported, citing an unidentified member of the supervisory board. The shares fell 0.5 percent to 30.05 euros.

Siemens AG (SIE) : The Osram lighting unit of the German engineer will raise prices for energy-saving light bulbs and fluorescent tubes by an average of 20 percent to 25 percent starting Sept. 1 after costs for rare earth input materials gained, Financial Times Deutschland reported, citing Osram management board member Martin Goetzeler. Siemens fell less than 0.1 percent to 70.35 euros.

ThyssenKrupp AG (TKA) : The German metal producer that plans to divest its stainless steel unit may move after Moody’s Investors Service said European stainless steel makers may face obstacles to consolidation if they pursue mergers to combat overcapacity. The stock gained 0.7 percent to 22.45 euros.

To contact the reporters on this story: Nicholas Comfort in Frankfurt at; Julie Cruz in Frankfurt at

To contact the editors responsible for this story: Frank Connelly at; Andrew Rummer at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.