Europe Movers: Barclays, Fraport, Hannover RE, ThyssenKrupp

Arthi Gupta
10 Aug, 2012
New York City

Barclays appointed David Walker as the new chairman. Rheinmetall AG, the defense contractor and auto parts maker said first half sales 9%. ThyssenKrupp AG soared 5% after third quarter revenues fell 7% and net income gained 16%.

Barclays Plc rose 2.3% to 183.05 pence after the UK based bank appointed David Walker as a non-executive Director of the bank and said he would succeed Marcus Agius as Chairman from November 1.

Bechtle AG fell 2% to €30.78 after the German IT service provider reported second quarter revenues grew 8.4% to €495.32 million from €457.03 million a year ago. Net earnings fell 25.2% to €10.83 million or 51 cents per share from €14.48 million or 69 cents per share last year.

Fraport AG dipped 0.9% to €44.58 after the airport operator handled almost 5.8 million passengers in July, a 3.7% increase from a year ago.

Hannover Rueckversicherung AG slumped 4.4% to €47.33 after the reinsurer said second quarter group net income fell 13.4% to €144 million or €1.19 per share compared to €166.2 million or €1.38 per share a year ago.

Prudential PLC declined 0.8% to 797.50 pence after the insurer said first-half profit attributable to equity holders of the company rose to £952 million or 37.5 pence per share compared with £829 million or 32.6 pence per share last year.

Rheinmetall AG dropped 1% to €40.10 after the automotive components and defense equipment maker said first-half consolidated sales rose 9% to €2.25 billion from a year earlier. Earnings per share increased to €2.20 from €1.91 in the previous year period.

RWE AG dipped 0.1% to €33.11 after the German utility presented plans to slash up to 2,400 additional jobs, the news wire Reuters noted citing sources.

ThyssenKrupp AG soared 5.1% to €16.45 after the steelmaker reported third quarter revenue fell 7% to €10.71 billion. Net income increased 16% to €238 million from €205 million in the same period a year earlier.