AFX European summary - midday |
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Published
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Fri, 02 Feb 2007 13:14
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LONDON (AFX) -AFX European summary - middayLONDON (AFX) - Leading shares remained strong midmorning as investors tucked into Sainsbury on the back of merger and acquisition excitement after a trinity of private equity firms confirmed they are eying the supermarket giant, dealers said.At 10.15 am, the FTSE 100 was up 36.6 points to 6,318.8. The broader indices were also higher.FRANKFURT (AFX) - Shares were higher in midday trade, continuing to advance to the highest levels in six years, led by E.ON, which is expected to enter its final sealed offer for Spanish utility Endesa today, and with investors awaiting a raft of key US jobs data later this afternoon, dealers said.At 11.42 am, the DAX was up 16.00 points or 0.23 pct at 6,867.28, aftertrading between 6,848.17 and 6,871.88.PARIS (AFX) - Share prices were firmer early afternoon, with investor sentiment buoyed by robust US consumer spending figures and the retail sector in focus amid speculation of a private equity takeover.At 12.25 pm the CAC-40 index was up 17.70 points or 0.31 pct at 5,679.95 on volume of 2.0 bln eur.AMSTERDAM (AFX) - Share prices were up in quiet midday trade with investors looking to US non-farm payroll data expected later today to give a heartier push to the market, dealers said.At 12.11 pm, the AEX was up 1.65 point or 0..3 pct at 507.24, after opening at 507.23 and raching a high of 506.57.MADRID (AFX) - Share prices were slightly higher in cautious midday trade ahead of the key US jobs data later today, with Endesa, Gas Natural and Acciona in focus ahead of E.ON's final bid presentation, while heavyweight blue chips were mixed, dealers said.At 12.46 pm, the IBEX-35 index gained 20.8 points to 14,591.0, after trading in a range of 14,551-14,598, on turnover of 1.8 bln eur.STOCKHOLM (AFX) - Shares were slightly lower in midday trade, weakening a touch from morning levels as Ericsson extended its losses after its badly received fourth-quarter report, dealers said.At 12.05 pm, the OMX Stockholm index was down 0.10 pct at 387.68, and the OMX Stockholm 30 was down 0.28 pct at 1,188.33.HELSINKI (AFX) - Shares were slightly lower in midday trade, with losses in a group of blue chips offsetting gains in some key stocks, brokers said.At 12.36 pm, the OMX Helsinki 25 was 0.02 pct lower at 3,006.79 and the OMX Helsinki was down 0.25 pct at 10,083.16 on 461 mln eur turnover.Top StoriesSTOCKHOLM (AFX) - Volvo AB said fourth quarter profit after financials rose to 5.226 bln skr from 4.144 bln a year earlier, missing the consensus forecast of 5.476 bln, according to a survey by SME Direkt.The results include positive one-offs of 357 mln skr, and restructuring costs of 358 mln skr. The SME Direkt forecast assumed restructuring costs of 250 mln skr.
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AFX European summary - midday 