European Movers: Schneider, Thyssen Krupp, Fortis

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Bear Stearns starts with peer perform and target price of €23.72. The company says the company is one of the world's top-ten integrated Oil & Gas companies (in terms of production), a major supplier of natural gas to the Italian market and has an important growing international gas business. Forecasts fiscal 2006-FY10 average production growth at 2.8%, below the lower end of the company guidance. Negocio reports talk that the company is planning to take a stake in Repsol, allowing it to collaborate in the Spanish group's strategic plans but without influence on management.

Netherlands

FORTIS was up €0.36 to €18.51... China's Ping An Insurance buys 4.2% stake for US$2.7 billion. Ping An, now the company's top shareholder, is China's No.2 life insurer.

BAM GROEP was up €0.46 to €16.45... nine months net profit jumps 181% - outlook raised - the company unveils nine months turnover of EUR 2.786 billion, up 18% year-over-year; operating profit of €235.5 million, up 122% year-over-year; and net profit of €192.6 million, up 181% year-over-year. the company's order book remains at a 'high record level' and amounts to €13.7 billion as of 30 September 2007. Raises fiscal 2007 outlook, seeing net profit of at least €310 million from a previous €296 view.

Nordic

ERICSSON (ERIC) was up SEK0.46 to SEK15.86... Verizon network upgrade / class action lawsuit - Verizon Wireless says it will upgrade its wireless network with Long Term Evolution technology supported by Intel, which will be tested in 2008. Reuters writes that this could have a negative impact on Qualcomm, which currently develops the technology for Verizon's network. However it would benefit Alcatel-Lucent, the company and NSN who will help with the testing. Labaton Sucharow, a US law firm, has filed a lawsuit against the company , concerning the recent profit warning. The law firm says the class action lawsuit is on behalf of investors who acquires the shares between 2 February and 20 November this year.

MOELLER MAERSK was down DKK300.00 to DKK61400.00... nine months net at DKK14.4 billion - outlook unchanged - the company reports nine months results with sales of DKK205.4 billion and net profit of DKK14.4 billion. EBIT for container activities reached US$626 million. Regarding guidance the company keeps its fiscal 2007 sales and net profit targets, however expects fiscal 2007 cash flow from operating activities to reach US$6.5 billion vs a previous forecast of US$6 billion and net results for Oil & Gas activities to be lower year-over-year.

Spain

BANKINTER was up €0.51 to €13.85... Jaime Botin asks for OK to raise stake to 29.9%. Press reports had it earlier this week that Jaime and Emilio Botin are believed together to control more than 25% of the company Jaime Botin's declared shareholding in the company is 16%. Meanwhile, Credit Agricole's CEO Georges Pauget has reportedly said that the French bank does not plan to bid for the company

REPSOL YPF (REP) was up €0.28 to €24.90... Kepler upgrades / Talk ENI to buy stake - Kepler upgrades to buy from hold. The company says YPF newsflow is getting closer while R&M is regaining strength. Negocio reports talk that Italy's ENI is planning to take a stake in the company , allowing it to collaborate in the company's strategic plans but without influence on management. Outgoing Argentine President Nestor Kirchner has reportedly called for oil firms such as the company and Petrobras to invest more in the country.

This content is written by S&P MarketScope Europe (EMS), an equity newswire. Reporters are: Pawan Girglani, Emma Gonzalez, Julien Manrique, Sara Oscarsson, Rocio Opazo-Aniotz, Gaurav Panchal, Claudia Perotti, Michael Sanderson, Emma Stevenson, John West, Isabell Witt .