Europe Movers: ThyssenKrupp, HSBC, ACE, Diageo, Whitbread

Arthi Gupta
11 Dec, 2012
New York City

ThyssenKrupp scraps dividend after annual loss widens. ACE lowered fiscal year operating income outlook. HSBC agreed to pay $1.92 billion to settle U.S. anti-money-laundering charges.

[R]12:20 PM Frankfurt – ThyssenKrupp scraps dividend after annual loss widens. ACE lowered fiscal year operating income outlook. HSBC agreed to pay $1.92 billion to settle U.S. anti-money-laundering charges.[/R]

Accenture plc rose 0.04% to $69.51 after the outsourcing provider signed a ten-year contract with Generali France to manage a portfolio of more than 100,000 individual life insurance policies that it no longer underwrites, markets or promotes.

ACE Limited fell 0.2% to $80.82 after the insurer estimated fiscal year after-tax operating income to be in the range of $7.43 to $7.53 per share.

Diageo plc declined 1.2% to 1,864.50 pence after the alcoholic beverages maker terminated discussions with JB y Compania S.A. de C.V. and Lanceros S.A. de C.V., regarding the future of the Cuervo brand.

HSBC Holdings Plc climbed 0.2% to 642.30 pence after the British lender agreed to pay $1.92 billion to the United States regulators to settle inadequate compliance investigation regarding anti-money laundering and sanctions laws.

Imagination Technologies Group Plc, the UK-based chip designer soared 4.4% to 448 pence after a broker upgrade.

KBC Groep NV plunged 5.6% to €22.16 after the Belgium-based bank and insurer by market value sold €1.25 billion of shares at a price of €21.25 per share.

Novartis AG gained 0.9% to Sfr58.95 after the healthcare solutions provider said Jakavi significantly reduced myelofibrosis disease burden and suggested overall survival advantage.

Rolls-Royce Holding PLC dropped 0.8% to 884 pence after the power systems provider secured a $15 million project management and integrated propulsion and control systems package with Jackson Offshore Operators, for two highly advanced offshore support vessels.

ThyssenKrupp AG surged 4% to €16.92 after the German steelmaker said fiscal year 2012 sales fell 6% to €40.1 billion from the comparable prior-year number. Net loss for the period widened to €4.67 billion compared to a loss of €1.29 billion last year.

Whitbread plc climbed 4.1% to 2,526.64 pence after the hotels and restaurants operator reported third quarter total comparable sales rose 3.3% annually.