Europe Movers: ASML, easyJet, Richemont, UniCredit

Arthi Gupta
06 Aug, 2012
New York City

UniCredit second quarter profit plunged 67% impacted by loan loss provisions. Richemont estimates first-half net profit to increase between 20% and 40% and Basler new order bookings orders fell 5%.

[R]2:30 PM Frankfurt – UniCredit second quarter profit plunged 67% impacted by loan loss provisions. Richemont estimates first-half net profit to increase between 20% and 40% and Basler new order bookings orders fell 5%.[/R]

ASML Holding NV declined 0.7% to €46.79 after the advanced technology systems provider said that TSMC is investing €276 million in research and development of next generation lithography technologies as well as €838 million in a 5% ASML equity stake.

Basler AG climbed 0.4% to €11.27 after the machine vision technology manufacturer reported first-half sales declined 10% to €25.2 million. The new order bookings orders fell 5% to €28.7 million from €30.2 million a year before.

Compagnie Financiere Richemont AG soared 5.2% to Sfr 58.95 after the Swiss luxury goods group reported sales for the four months ending in July climbed 24% on a reported basis against the comparative period.

easyJet plc rose 0.1% to 573 pence after the low-cost airline said total passenger count grew 8% to 5.86 million in July from 5.43 million in the previous year. Load factor in July grew 0.8 percentage points to 92.5%.

Marks & Spencer Group PLC gained 2.1% to 348.40 pence after the British retailer became the latest subject of takeover speculation this weekend.

UniCredit S.p.A. fell 0.9% to €2.77 after the Italian bank said second quarter revenues declined 3.2% to €6.25 billion from last year. Net income for the quarter plunged 67% to €169 million compared to €511 million last year.