AMG, CFE, CSM, Telenet, ThromboGenics: Benelux Equity Preview
The following companies may have unusual price changes in Benelux markets. Stock symbols are in parentheses, and prices are from the previous close.
AMG Advanced Metallurgical Group NV (AMG) : The maker of vacuum furnaces and specialty alloys based on aluminum and titanium is scheduled to report second-quarter earnings. AMG shares soared 9.2 percent to 9.35 euros.
CSM (CSM) NV: The world’s biggest maker of bakery ingredients may say first-half net income dropped to 31.1 million euros ($44.2 million), according to the average of three analyst estimates compiled by Bloomberg, from 54.2 million euros a year earlier. CSM shares advanced 2.8 percent to 15.99 euros.
Ackermans & van Haaren NV (ACKB) , Cie. d’Entreprises CFE SA (CFEB BB): Dredging Environmental & Marine Engineering NV, the dredging company co-owned by Ackermans and CFE, said its Australian joint venture with Van Oord Groep NV won a contract valued at A$120 million ($122 million) for the development of the Gladstone liquefied-natural-gas project. Ackermans shares gained 4 percent to 53.09 euros. CFE shares climbed 5.8 percent to 38.45 euros.
Telenet Group Holding NV (TNET) : The Belgian cable operator controlled by Liberty Global Inc. said it initiated a stock buyback program and will give weekly updates of the shares bought back to cover stock option awards to management. Telenet shares increased 7.3 percent to 26.39 euros.
ThromboGenics NV (THR) : The Belgian developer of the Ocriplasmin eye-disease treatment said it plans to seek European regulatory approval for the experimental drug in the next two months, with a U.S. filing scheduled before year-end. The shares surged 9.7 percent to 14.53 euros.
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