German stocks - Factors to watch on August 10
10/08/2015 06:22
FRANKFURT/BERLIN, Aug 10 (Reuters) - The following are some
of the factors that may move German stocks on Monday:
BAYER BAYGn.DE
New plastics unit Covestro aims to push growth in coming
years and is open to acquisitions in coating raw materials,
Handelsblatt reported on Monday, citing division chief Patrick
Thomas.
DEUTSCHE POST DPWGn.DE
The head of Germany's online retailer lobby said customers
are missing deliveries after a series of staff walkouts at the
postal and logistics company, Tagesspiegel reported on Saturday.
LUFTHANSA LHAG.DE
The families of passengers killed in the Germanwings crash
will take legal action against Lufthansa in the United States
after rejecting the carrier's compensation offer as inadequate,
Bild am Sonntag said, citing the families' lawyer.
ID:nL5N10K0D3
Separately, Lufthansa and the union representing cabin crew
said on Sunday they are confident they will reach an agreement
in a protracted dispute over pay and pensions. Talks have been
extended until Nov. 1. ID:nL5N10K09V
RWE RWEG.DE
The company's supervisory board will meet to decide on a
number of measures that would trim its middle-management and cut
back on its 100 or so local units, sources have said.
ID:nL5N10E29P
Separately, Forewind - a consortium of which RWE is a member
- has scaled back by a third plans to build wind farms at Dogger
Bank in Britain's North Sea. ID:nL5N10I3GA
DEUTSCHE ANNINGTON ANNGn.DE
Chief Executive Rolf Buch has criticised past cost-cutting
policies of the residential property company, Welt am Sonntag
reported.
FRAPORT FRAG.DE
Greece is raising new demands in talks about a possible sale
of 14 airports to the airport operator, Welt am Sonntag
reported, without citing the source of the information.
FUCHS PETROLUB FPEG_p.DE
The lubricants maker remains on lookout for acquisitions,
Euro am Sonntag reported, citing chief executive Stefan Fuchs.
ID:nL5N10J06P
HUGO BOSS BOSSn.DE
Rival fashion brand Bench will step up activities in the
licensing business and faces longer-term changes, Sueddeutsche
Zeitung reported on Sunday, citing Bench boss Bruno Saelzer.
OSRAM OSRn.DE
Full Q3 report due. The lighting maker reported results on
July 29 already, showing a 24 percent jump in core profit as its
cost-cutting programme bit hard and the euro's weakness
flattered results. ID:nL5N1090CK
ZALANDO ZALG.DE
Renzo Rosso, the founder of Diesel, said he will not allow
discounts on the jeans brand in dealings with the online fashion
retailer, Welt am Sonntag reported.
K&S SDFGn.DE
Germany's chemical workers and miners union (IG BCE) said on
Saturday it opposes Potash Corp of Saskatchewan's takeover offer
for the salt and fertilizer company.
QSC QSCG.DE
Q2 results due.
SYZYGY SYZG.DE
WPP WPP.L said it would make a 9.00 euro per share tender
offer for the digital marketing firm, which has a market
capitalization of 114 million euros ($125 million).
ID:nFWN10I03E
DVB BANK DVBG.F
The bank said it will have to book an unexpected
depreciation under IFRS of 36.4 million euros plus legal fees
still to be determined after a final ruling of the London Court
of International Arbitration (LCIA). ID:nFWN10I01G
HAIKUI SEAFOOD H8K.DE
The company has made an offer to buy back as much as 1.03
million shares for 1.91 euros apiece. ID:nFWN10I03C
OVERSEAS STOCK MARKETS
Dow Jones .DJI minus 0.3 pct, S&P 500 .SPX minus 0.3 pct,
Nasdaq .IXIC minus 0.3 pct. ID:nL1N10I2AL
Nikkei .N225 plus 0.3 pct, Shanghai stocks .SSEC plus
4.0 pct.
Time: 5:22 GMT. ID:nL3N10L03J
GERMAN ECONOMIC DATA
No economic data scheduled.
ECONDE G7TODAY
EUROPEAN FACTORS TO WATCH WATCH/EU
DIARIES DE/DIA WEU/EQUITY
REUTERS TOP NEWS TOP/NEWS
($1 = 0.9117 euros)
(Reporting by Harro ten Wolde, Andreas Cremer and Georgina
Prodhan)
((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters
Messaging: maria.sheahan.thomsonreuters.com@reuters.net))
Keywords: GERMANY MARKETS STOCKS/