Market Updates
Europe Movers: Deutsche Bank, Fresenius, H & M, SSAB
Arthi Gupta
17 Sep, 2012
New York City
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Hennes & Mauritz said August sales increased and comparable sales decreased 4%. SSAB plunged on weak third quarter outlook. Deutsche Bank and Fresenius Medical appoint new executives.
[R]2:00 PM Frankfurt – Hennes & Mauritz said August sales increased and comparable sales decreased 4%. SSAB plunged on weak third quarter outlook. Deutsche Bank and Fresenius Medical appoint new executives.[/R]
Deutsche Bank AG fell 0.9% to €33.58 and the investment bank announced the executive committee for its integrated asset and wealth management division. Michele Faissola will chair the committee.
European Aeronautic Defense and Space Co. N.V. rose 1.7% to €25.73 after the airplanes and military equipment manufacturer sell its merger to political and military leaders.
Fresenius Medical Care AG & Co KGaA dipped 0.2% to €55.72 and the dialysis products and services provider appointed Ronald Kuerbitz as a management board member, effective January 1, 2013.
H & M Hennes & Mauritz AB declined 2.1% to SEK 241.90 after the Swedish apparel retailer said total sales including VAT in local currencies increased 6% in August compared to the same month the previous year. Sales in comparable units decreased 4%.
SSAB AB plunged 8.3% to SEK 52.30 after the steel manufacturer estimated third quarter operating loss of approximately SEK 700 million on weak demand.
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