Europe Movers: Credit Suisse, Air Berlin, Burberry, Sanofi, France Telecom

Arthi Gupta
05 Oct, 2012
New York City

France Telecom-plans to hire 4,000 employees over the next three years. Air Berlin said capacity utilization rose in September and Volvo signed letter of intent to divest plant in Spain.

[R]1:30 PM Frankfurt – France Telecom-plans to hire 4,000 employees over the next three years. Air Berlin said capacity utilization rose in September and Volvo signed letter of intent to divest plant in Spain.[/R]

AB Volvo rose 1% to SEK 95.90 after the truck maker signed a letter of intent with MAPE to sell the crankshaft plant in Leganes, Spain.

Air Berlin plc gained 1.2% to €1.57 after the discount airline said its capacity utilization in September increased 2.6 percentage points annually to 85.45%.

Burberry Group PLC, the British luxury fashion house climbed 1.3% to 1,013 pence on a broker upgrade.

Credit Suisse Group AG, the financial services provider increased 0.4% to Sfr 21.09 and a U.S. credit union regulator filed a lawsuit accusing the bank’s unit of selling faulty mortgage-backed securities to three credit unions leading to their collapse.

G4S plc advanced 0.9% to 266.60 pence after the security services provider acquired two companies, ASC NV and ASC Safety Services BVBA from the Belgium-based ASC-Group.

France Telecom-SA gained 1.6% to €9.503 after the telecommunications services provider plans to recruit 4,000 employees in permanent positions in France over the next three years.

Sanofi SA edged higher 1.4% to €68.42 after the diversified healthcare company announced new results from the ORIGIN trial showing treatment with Lantus was approximately 3-fold more likely to achieve and maintain target glycemic levels in the analysis compared to standard care in individuals with pre-diabetes or early type 2 diabetes at high cardiovascular risk.

Swiss Re AG fell 0.3% to Sfr65.20 and the reinsurer’s Chief Investment Officer; David Blumer decided to leave the company from November 1.