Market Updates
Europe Movers: Lonmin, Nokia, Swiss Life, Rio Tinto
Arthi Gupta
17 Aug, 2012
New York City
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Swiss Life first-half profit from operations rose 17% driven by operational advances and a strong investment result. Nokia planned to integrate social games from Zynga in the third quarter.
[R]1:45 PM Frankfurt – Swiss Life first-half profit from operations rose 17% driven by operational advances and a strong investment result. Nokia planned to integrate social games from Zynga in the third quarter.[/R]
Lonmin Plc, the platinum group metals producer slumped 3.5% to 625.50 pence after clashes between police and striking miners left more than 30 people dead at its platinum mine in Marikana, South Africa.
Nokia Oyj dipped 0.1% to €2.20 after the mobile phone maker announced that it plans to integrate social games from Zynga in the third quarter.
Rio Tinto plc fell 1.3% to 3,011 pence after the miner announced that it has priced $3 billion of fixed rate bonds with a weighted average coupon of 2.67% and a weighted average maturity of 12.9 years.
Swiss Life Holding AG soared 3.7% to Sfr105.60 after the insurer reported first-half net profit, adjusted for one-time charges and currencies variations was Sfr369 million, up 15% on the same period the previous year. Profit from operations rose 17% to Sfr528 million due to operational advances and a strong investment result.
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