Market Updates
Europe Movers: Credit Agricole, Ipsen, Vestas
Arthi Gupta
28 Aug, 2012
New York City
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Credit Agricole second quarter net income plunged 67% on Intesa impairment charges and Greek costs. Ipsen first-half total revenues rose 9% to
[R]2:30 PM Frankfurt – Credit Agricole second quarter net income plunged 67% on Intesa impairment charges and Greek costs. Ipsen first-half total revenues rose 9% to €675 million. Vestas surged 17% after confirming talks with Mitsubishi Heavy Industries for strategic cooperation.[/R]
Credit Agricole SA gained 0.3% to €4.29 after the French lender reported second quarter net income group share plunged 67% to €111 million compared with €339 million in the second quarter of 2011 on €427 million of the impairment of Intesa Sanpaolo shares and €370 million costs in Greece.
Ipsen SA soared 3.5% to €19.21 after the pharmaceutical company said first-half total revenues rose 9% to €675 million from a year before. Consolidated net profit attributable to the company''s shareholders fell 1.6% to €90.2 million or €1.07 per share, from €91.7 million or €1.09 per share last year.
Vestas Wind Systems A/S surged 16.7% to DKK 39.58 after the Danish wind-turbine maker confirmed that is in dialog with Mitsubishi Heavy Industries that may lead to strategic cooperation.
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