Europe Movers: EasyJet, ICAP, Logitech, Nokia, Vodafone

Barry Randall
24 Jan, 2013
New York City

Nokia was in focus after it suspended dividend after 20 years. Vodafone gained 3% on the hopes that the U.S. based Verizon Communication may make a bod for the company. Logitech plunged 10% after it reported a quarterly loss. EasyJet gained on higher than expected earnings.

Croda International Plc gained 3% to 2,437 pence after JPMorgan Chase reiterated its outlook on the stock rating.

EasyJet gained 5% to 898 pence after the discount airline reported revenues jumped 9% to 833 million pounds the quarter to December. The company also guided a pre-tax loss between 50 million and 75 million pounds in the first half of 2013.

ICAP Plc decreased 1% to 324 pence after the broker dealer services provider said that the UK regulator has initiated Libor investigation at one of its unit.

Logitech plummeted 10% to Sfr6.51 after the personal computer accessories maker reported a loss and decided to sell its remote control and video securities business for sale.

Monte Paschi dropped 8% to 23.3 euros after the central bank in Italy said it will review the recently uncovered documents related to a derivative transaction and may force the oldest bank in the world to restate earnings.

Nokia declined 1.7% after it swung to quarterly profit but suspended its dividend for the first time in 20 years to shore up its finances as the company struggles with sales and falling margins.

Opap SA declined 11% to 6.25 euros after the European Court of Justice ruled that the company’s gambling monopoly in Greece was illegal. Bwin and Ladbrokers rose 12% and 4%.

Polyus Gold International Ltd soared 10% to 218 pence after Onexim Holdings Ltd is said to have sold its stake in the company to a group of investors. Onexim is controlled by Russian billionaire Mikhail Prokhorov.

Vodafone Group Plc increased 3% to 168 pence on a speculation that the U.S. based Verizon Communications Inc may buy the company to gain full control of Verizon Wireless. Vodafone controls 45% of the joint venture.