On the Move: DCX, Next, Dexia

Plus:Telenor, Ahold, Unicredit and other European companies making headlines Thursday

From Standard & Poor's European MarketScope

United Kingdom

NEXT was up £1.40 to £22.36. Panmure upgraded the company to buy vs. and raised its target to £25.00. Merrill reiterated its buy with a target of £21.

STANDARD LIFE was unchanged at £3.07. The company posted fiscal EEV operating profit pre-tax of £614 million, +55%; the new business pre-tax contribution was £205 million, +521%; IFRS underlying pretax profit was £540 million (2005: 145 million).


EIFFAGE was up €12.59 to €97.79. The company's shares surged. The FT mentioned two rumors circulating: Sacyr is preparing to sell its Repsol (REP) shares to fund a bid and Vinci could also be preparing to mount a bid for Eiffage.

DEXIA was up €0.93 to €22.59. ING (ING) has hired Goldman Sachs (GS) and JP Morgan (JPM) for a strategic re-orientation as it seeks a partner in the Benelux area.


DAIMLERCHRYSLER (DCX) was up €1.37 to €58.37. Chrysler's Chief Executive Tom LaSorda said that whether or not a sale will take place will be resolved quickly, according to the WSJ.


UNICREDIT was up €0.33 to €7.14. The company has confirmed that it will ask the board for approval of a capital increase, dedicated to acquisitions.


PHILIPS (PHG) was up €0.44 to €29.36. The company announced a partnership with crystal and jewelry company Swarovski to develop new market opportunities for each company by integrating high fashion and technology.

AHOLD was up €0.03 to €8.22. The company reported fourth quarter operating income of €199 million. Net profit for the quarter came in at €240 million.


TELENOR was down NOK2.50 to NOK115.00. The company cut its earnings and revenue forecast for 2007, as it will temporarily de-consolidate Ukrainian Kyivstar, co-owned with Russian Alfa, in its earnings statement.

LUNDIN OIL was up SEK4.00 to SEK82.25. The company will spin-off businesses in Norway and the UK and will seek to list Viking, the Norwegian unit, by the end of the second quarter, according to Reuters.


IBERIA was down €0.01 to €3.69. In an interview with Bloomberg, Lufthansa's CFO Stephan Gemkow said the German firm would be forsaking its duty if it did not look at the company.

    Before it's here, it's on the Bloomberg Terminal. LEARN MORE