Europe Movers: BHP Billiton, Fraport, Carillion, Peugeot, Inditex, Rosneft

Arthi Gupta
12 Dec, 2012
New York City

Fraport said passenger traffic fell 2.7% in November. BHP agreed to sell its stake in the Browse gas project to PetroChina for $1.63 billion. Peugeot planned to slash 1,500 jobs by 2014. Inditex nine months net sales rose 17% to

[R]12:40 PM Frankfurt – Fraport said passenger traffic fell 2.7% in November. BHP agreed to sell its stake in the Browse gas project to PetroChina for $1.63 billion. Peugeot planned to slash 1,500 jobs by 2014. Inditex nine months net sales rose 17% to €11.36 billion.[/R]

Anglo American PLC, the mining company gained 2.1% to 1,871 pence after a broker upgrade.

BHP Billiton Ltd. rose 0.3% to 2,060 pence after the miner inked a $1.63 billion agreement with PetroChina International Investment (Australia) Pty Ltd to sell its stake in the Browse gas project in Western Australia.

PetroChina will acquire 8.33% interest in the East Browse Joint Venture and 20% interest in the West Browse Joint Venture offshore Western Australia.

BT Group Plc dipped 0.3% to 236.01 pence after the communications services provider concluded the sale of its remaining 9.1% shareholding in Tech Mahindra to institutional investors for gross cash proceeds of £115.7 million at 871 rupees a share.

Carillion plc climbed 0.8% to 298.40 pence after the integrated support services company acquired a 49% interest in The Bouchier Group for £23.75 million.

Fraport AG dipped 0.4% to €45.12 after the airport operator reported passengers at the Frankfurt Airport fell 2.7% in November to about 4.2 million compared to the same month last year.

Inditex S.A. dropped 0.6% to €103 after the Spanish apparel retailer reported first nine months net sales grew 17% to €11.36 billion. Net income for the period rose 27% to €1.66 billion from €1.30 billion in the previous year.

Peugeot SA soared 6.5% to €5.25 after the carmaker planned to slash 1,500 jobs by 2014 after sales decline in Europe.

Rosneft’ NK OAO climbed 1.3% to 251.50 rubles after the Russia-based oil and gas explorer signed an agreement to purchase 50% stake in TNK-BP from the AAR Consortium (Alfa Group, Access Industries and Renova).

Rosneft said the purchase price is determined on the base value of AAR''s stake in TNK-BP of $28 billion.

Standard Life Plc increased 0.9% to 334.30 pence after the investment company’s subsidiary, The Standard Life Assurance Company of Canada disposed of two office properties, located in Eastern and Central Canada.

Travis Perkins Plc fell 1.4% to 1,083.75 pence after the home improvement retailer said sales for the eleven months to the end of November was up 1.6% and comparable sales fell 1.8%.