Market Updates
Europe Movers: ING, Natuzzi, Intertek, HICL, Daimler
Arthi Gupta
19 Nov, 2012
New York City
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Natuzzi third quarter net loss narrowed to
[R]11:40 AM Frankfurt – Natuzzi third quarter net loss narrowed to €5.2 million. ING reached agreement on amended EC Restructuring Plan. Intertek first ten months reported revenue growth was 20.1%. HICL sold Doncaster Schools PFI project for £5.3 million.[/R]
Daimler AG climbed 1.9% to €36.06 and the carmaker plans to expand its management board to include a member solely responsible for China business, according to German magazine Der Spiegel.
HICL Infrastructure Company Limited rose 0.3% to 125.05 pence after the investment company sold its 50% equity and loan note interest in Doncaster Schools PFI project to Vinci Pensions for £5.3 million.
ING Groep NV fell 2.5% to $8.31 after the financial services provider reached an agreement with the European Commission on significant amendments to the 2009 Restructuring Plan.
Under the amendments announced today, the ultimate dates for divesting the insurance and investment management businesses have been extended.
Intertek Group plc fell 2.1% to 2,776 pence after the quality and safety solutions provider said for the nine months period to October revenues increased 20.1%. Organic revenue growth for the period was 9.1% at constant exchange rates, excluding acquisitions made in 2011 and 2012
Natuzzi S.p.A. slumped 4.8% to $1.78 after the home furnishings manufacturer reported third quarter total net sales fell 2.4% to €111.7 million from €114.4 million in the prior year quarter. Net loss in the quarter narrowed to €5.2 million from €10.3 million in the same quarter last year.
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