Adidas, BMW, Deutsche Boerse, Douglas: 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 DAX Index rose 0.6 percent to 7,006.17 on Dec. 10.
Adidas AG (ADS GY): The sporting-goods maker plans to increase the number of its employees by 4 percent to 6 percent globally next year, Euro am Sonntag said, citing a spokeswoman that it didn’t identify by name. The shares dropped 1 percent to 50.35 euros.
BASF SE (BAS GY): Shares in the chemicals company were rated new “outperform” at Credit Suisse Group AG. The shares rose 0.2 percent to 60.5 euros.
Bayerische Motoren Werke AG (BMW GY): The carmaker plans to produce more cars outside of Germany as it sells more vehicles abroad, Sueddeutsche Zeitung reported. The shares rose 3.9 percent to 62.52 euros.
Deutsche Boerse AG (DB1 GY): The securities exchange expects sales and earnings to increase in all business divisions next year, Frankfurter Allgemeine Sonntagszeitung reported, citing Chief Financial Officer Gregor Pottmeyer. The shares climbed 1.4 percent to 49.94 euros.
Dialog Semiconductor Plc (DLG GY): The company said it has developed a chip capable of converting 2-dimensional video images to 3D for portable devices, and expects commercial production to begin in the second half of 2011. The shares rose 3.1 percent to 14.95 euros.
Douglas Holding AG (DOU GY): Chief Executive Officer Henning Kreke said the company is “very satisfied” with the Christmas-season business so far, Euro am Sonntag reported, citing an interview. The stock rose 0.5 percent to 42.30 euros.
E.ON AG (EOAN GY): The utility may sell Britain’s largest electricity distributor, E.ON Central Networks, within a month after it granted a group of foreign bidders exclusive rights to make an offer, the Sunday Times reported, without saying where it got its information. The stock rose 0.1 percent to 22.62 euros.
Hochtief AG (HOT GY): Chief Executive Officer Herbert Luetkestratkoetter is open to talks with Actividades de Construccion y Servicios SA, the Spanish company that’s seeking control of the German builder, Der Spiegel reported. The shares climbed 0.5 percent to 65 euros.
Leoni AG (LEO GY): The company may forgo a dividend payment for a second consecutive year, Frankfurter Allgemeine Sonntagszeitung reported, citing Chief Executive Officer Klaus Probst. The shares advanced 6 percent to 33.87 euros.
Merck KGaA (MRK GY): The drugmaker won’t renew the contract of Elmar Schnee, head of the pharmaceuticals business, and plans to hire another manager for his post, the Financial Times Deutschland reported. The stock rose 0.6 percent to 61.07 euros.
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