Bloomberg News

HSBC, Suez Environnement, Wacker Chemie: Europe Equity Preview

December 09, 2011

Dec. 9 (Bloomberg) -- Shares of the following companies may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index declined 1.5 percent to 237.71. The Stoxx 50 Index retreated 1.1 percent to 2,298.09. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, slipped 2.4 percent to 2,288.05.

Barclays Plc (BARC LN): The British lender’s sovereign debt holdings in Greece, Ireland, Spain, Portugal and Italy fell 35 percent to 11.4 billion pounds ($17.8 billion) on Sept. 30 from 17.4 billion pounds at the end of the last year, according to data compiled by Bloomberg and supplied by the bank. The stock dropped 3.7 percent to 180.40 pence.

HSBC Holdings Plc (HSBA LN): The U.K. bank said its sovereign debt holdings in Greece, Ireland, Spain, Portugal and Italy fell 21 percent to 11.5 billion euros ($15.3 billion) during the first nine months of this year. The stock fell 1.4 percent to 501.70 pence.

Suez Environnement SA (SEV FP): The French water company agreed to sell its Eurawasser unit in Germany to Groupe Remondis for 95 million euros. The stock fell 2.9 percent to 8.77 euros.

Wacker Chemie AG (WCH GY): The maker of materials used in microchips said it plans to close its semiconductor wafer plant in Hikari, Japan, by the middle of next year and that it will move production from the site to locations in Singapore and the U.S. instead. The closure will cost about 70 million euros, the German company said. The stock fell 1.6 percent to 66.60 euros.

--Editor: Stephen Kleege

To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net.

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net.


Ebola Rising
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus