Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

EON AG, Munich Re, Siemens, Tom Tailor: German Equity Preview

Aug. 15 (Bloomberg) -- 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 gained 200.08, or 3.5 percent, to 5,997.74 on Aug. 12.

EON AG (EOAN GY): Chief Executive Officer Johannes Teyssen said the German utility is open to discussions about cooperation in areas such as the construction of new power plants, Der Spiegel reported. Teyssen said a direct “participation” from OAO Gazprom of Russia would make “little sense” for EON, according to the newspaper. The shares surged 4.8 percent to 14.81 euros.

Munich Re (MUV2 GY): The world’s biggest reinsurer has almost halved its holdings in stocks in recent weeks because of the debt crisis, Frankfurter Allgemeine Zeitung reported, citing an interview with Chief Financial Officer Joerg Schneider. The shares climbed 3.5 percent to 92.14 euros.

Siemens AG (SIE GY): Juergen Maier, U.K. chief at the Germany technology company’s industrial division, said there’s evidence that a slowdown in British consumer purchasing is beginning to hit manufacturing, the Observer reported. Siemens shares rose 2.5 percent to 74.10 euros.

Tom Tailor Holding AG (TTI GY): The German clothing company plans to pay a 2011 dividend of about 30 percent of its yearly profit, Euro am Sonntag reported, citing an interview with Chief Executive Officer Dieter Holzer. The shares added 0.8 percent to 12 euros.

To contact the reporter on this story: Julie Cruz in Frankfurt at jcruz6@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.