Europe Movers: Ascent Resources, Cable & Wireless, EADS, Total, UBS

Arthi Gupta
03 Dec, 2012
New York City

Cable & Wireless agreed to sell its Monaco and Islands businesses to Bahrain Telecommunications for $680 million. EADS confirmed plans for potential changes in the company shareholding structure and corporate governance.

[R]1:30 PM Frankfurt – Cable & Wireless agreed to sell its Monaco and Islands businesses to Bahrain Telecommunications for $680 million. EADS confirmed plans for potential changes in the company shareholding structure and corporate governance.[/R]

Ascent Resources plc plunged 15% to 1.22 pence after the oil and gas explorer confirmed that it is considering a range of financial and strategic alternatives to enhance shareholder value.

Cable & Wireless Communications Plc gained 4.9% to 36.39 pence after the telecommunications provider agreed to sell its Monaco and Islands businesses to Bahrain Telecommunications Co. for $680 million.

EADS NV rose 1.9% to €26.38 after the Airbus maker confirmed that key shareholders are discussing potential changes in the company ownership structure and corporate governance.

Total SA climbed 1.3% to €38.99 after the oil and gas firm said its affiliate Total E&P Norge has made an oil discovery in the Garantiana prospect located on Production License 554 (PL554) in the Norwegian North Sea.

Preliminary estimates place the size of the discovery between 25 and 75 million barrels of recoverable oil.

UBS AG gained 0.8% to Sfr14.61 after the lender is close to agreements with UK regulators to pay more than £290 million or $465 million to settle allegations traders tried to rig global interest rates, a person with knowledge of the talks said, according to Bloomberg.