Market Updates
Europe Movers: Agennix, Anglo American, Derby, Lonmin
Arthi Gupta
24 Aug, 2012
New York City
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Agennix plans to cut its workforce by 55%. Aer Lingus urged shareholders to reject Ryanair''s offer. Anglo American forged a new partnership for Anglo American Sur.
[R]1:45 PM Frankfurt – Agennix plans to cut its workforce by 55%. Aer Lingus urged shareholders to reject Ryanair''s offer. Anglo American forged a new partnership for Anglo American Sur.[/R]
Agennix AG soared 16.7% to €0.42 after the biopharmaceutical company plans to cut its workforce by 55%.
Anglo American PLC fell 2.2% to 1,899 pence after the British miner and Chilean state-owned Corporación Nacional del Cobre de Chile agreed to form a new partnership in respect of certain of Anglo American’s copper interests in Chile, known as Anglo American Sur.
Aer Lingus Group plc rose 0.6% to €1.09 after the low-fares Irish airline reaffirmed its view that Ryanair''s offer to acquire control of Aer Lingus for €1.30 per share undervalues the company.
Derby Cycle AG climbed 1.4% to €32.37 after the bicycles manufacturer estimated revenues at the lower end of its existing forecast of between €250 million and €270 million for the current fiscal year.
Lonmin Plc declined 2.7% to 622.50 pence after the platinum group metals producer appointed Simon Scott, the Chief Financial Officer, as Acting Chief Executive Officer for the interim period till the current CEO, Ian Farmer resumes responsibility.
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