Bloomberg the Company & Products

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

Havas Shares Lurch With Symrise on European Stock Markets

June 25 (Bloomberg) -- Shares in Havas SA, Symrise AG, Kion Group AG and other companies swung wildly over a matter of minutes on European equity exchanges today, quickly recovering in trading episodes that in the past have been attributed to incorrect orders.

In Paris, Havas, which had been trading at about 5.99 euros, fell to an intraday low of 5.87 euros at 1:41 p.m., before recovering by 1:55 p.m. Imerys SA sank at 1:25 p.m. and regained its losses soon afterward. In Frankfurt, Kion dropped to 29.21 euros at 1:34 p.m. from about 31.08 euros, before rising close to its earlier level. Symrise declined at 1:24 p.m. before returning to its previous trading range within minutes.

Andreas von Brevern, a spokesman for Deutsche Boerse AG, operator of the Frankfurt stock exchange, said there was nothing irregular in today’s trading. A Paris-based spokeswoman for pan-European stock exchange operator Euronext NV declined to comment on the stock moves.

More than 100,000 Havas shares worth around 600,000 euros changed hands during the swing, data compiled by Bloomberg show. The value of Imerys stock traded was 2.2 million euros. It was 6.8 million euros for Kion and 2.5 million euros for Symrise.

To contact the reporter on this story: Jonathan Morgan in Frankfurt at jmorgan157@bloomberg.net

To contact the editors responsible for this story: Cecile Vannucci at cvannucci1@bloomberg.net Alan Soughley

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.