Europe Movers: Air Berlin, Barclays, EADS, Micro Focus, Standard Chartered

Arthi Gupta
06 Dec, 2012
New York City

Air Berlin capacity utilization rose in November. Barclays increased its stake in the Absa Group to 62.3%. Micro Focus first-half net fell 2.7% to $60.65 million. Carl Zeiss Meditec annual revenue climbed 13.6% to

[R]1:00 PM Frankfurt – Air Berlin capacity utilization rose in November. Barclays increased its stake in the Absa Group to 62.3%. Micro Focus first-half net fell 2.7% to $60.65 million. Carl Zeiss Meditec annual revenue climbed 13.6% to €861.9 million.[/R]

Air Berlin Plc dropped 0.6% to €1.35 after the airline reported capacity utilization increased 2.7% to 76.94% in November from the corresponding month of the previous year. The airline welcomed 2,070,433 passengers on board in November, 8.4% less than in the previous year.

Barclays PLC advanced 0.7% to 248.20 pence after the financial services provider is to combine the majority of Africa operations with Absa Group Ltd. for a consideration of around 129.54 million Absa ordinary shares, representing a value of R18.33 billion or £1.3 billion. The deal increases the lender''s stake in the Absa Group from 55.5% to 62.3%.

BASF SE rose 1.3% to €70.21 after the German chemical company published the offer document for the public takeover offer for Norway-based Pronova BioPharma ASA. The deal has an enterprise value of NOK 4.845 billion or €664 million.

Carl Zeiss Meditec AG dipped 0.5% to €22 after the medical technology solutions supplier reported revenue for the year climbed 13.6% to €861.9 million. Earnings before interest and tax rose 18.7% to €122.9 million.

European Aeronautic Defense and Space Company soared 7.1% to €29.17 after the Airbus maker announced a far-reaching change of the company''s shareholding structure and governance.

Micro Focus International plc fell 0.5% to 568.50 pence after the software products maker reported first-half net revenue fell to $207.3 million from $219.1 million for the corresponding period last year. Profit for the period fell 2.7% to $60.65 million from $62.41 million reported a year ago.

PPR SA gained 0.8% to €141.80 after the retail and luxury goods distributor agreed to sell its U.S.-based business OneStopPlus Group to Charlesbank Capital Partners and Webster Capital for $525 million.

Rolls-Royce Holdings PLC declined 2.9% to 887 pence after the power systems provider passed information to the Serious Fraud Office relating to concerns about bribery and corruption involving intermediaries in overseas markets. This follows a request for information from the SFO about allegations of malpractice in Indonesia and China.

Standard Chartered Plc increased 1% to 1,503.05 pence after the lender estimates to pay around $330 million as settlement to U.S. regulators for its failure to comply with sanctions against Iran. The lender has already made a payment of $340 million to the New York State Department of Financial Services in the third quarter.

ThyssenKrupp AG soared 2.6% to €16.47 after the diversified industrial group decided to release the Executive Board Members Olaf Berlien, Jürgen Claassen and Edwin Eichler from their functions from December 31.