German stocks - Factors to watch on August 31

QBeyond AG

31/08/2015 06:19

FRANKFURT, Aug 31 (Reuters) - The following are some of the 
factors that may move German stocks on Monday: 
     
    ALLIANZ  ALVG.DE  
    Allianz has joined Borealis Infrastructure, which manages 
investments for Canada's Ontario Municipal Employees Retirement 
Systems, to explore a bid for London City Airport, a source 
familiar with the process said.  ID:nL4N1150ER  
         
    BAYER  BAYGn.DE   
    The drugmaker on Monday plans to release Phase II trial data 
on new heart failure drug finerenone. The oral drug may only 
reach the market in 2020 or 2021 but it is seen by some analysts 
as having peak sales potential of $2.0 billion.  
    Separately, Handelsblatt reported that the Covestro business 
could be valued at 10 billion euros in an IPO, with Bayer aiming 
to initially float a third of that. Sources told Reuters in July 
that Bayer is preparing a stock market listing of the plastics 
division as early as October. 
                    
    RWE  RWEG.DE  
    The German city of Essen, one of RWE's municipal 
shareholders, expects the utility to cut its dividend to 
0.50-0.60 euros per share from 1 euro per share, Westdeutsche 
Allgemeine Zeitung cited the city's treasurer as saying. 
 ID:nL5N1134YR  
     
    VOLKSWAGEN  VOWG_p.DE  
    Japan's Suzuki Motor Corp  7269.T  said on Sunday it will 
buy back the 19.9 percent stake it sold to Volkswagen after an 
international arbitration court settled a dispute between the 
automakers over their failed partnership.  ID:nL4N115069    
 
     
    GFT  GFTG.DE  
    The banking software services provider is scanning the 
market for potential takeover targets with 20-50 million euros 
in sales but is focused for now on the integration of recent 
deals, CEO Ulrich Dietz told Welt am Sonntag weekly. 
       
    QSC  QSCG.DE   
    The information technology service provider has a "very good 
chance" of breaking even again in 2016 but will have to take 
about 50 million euros in write-downs on equipment this year, 
finance chief Stefan Baustert told Boersen-Zeitung in an 
interview. 
     
    ADLER  ADDG.DE   
    The fashion retailer plans to add up to 10 new shops per 
year in Germany and neighbouring countries, CEO Lothar Schaefer 
told weekly paper Euro am Sonntag. 
     
    BAYWA  BYWGnx.DE   
    The distributor of farming supplies and construction 
materials is eyeing cost cuts in the medium double-digit million 
euro range after recent takeovers created excessive 
administration expenses, CFO Andreas Helber was quoted as saying 
by investor newsletter Platow Brief.  ID:nL5N1140AX  
     
    CAPITAL STAGE  HWAG.DE   
    Full H1 results due. Preliminary results published on Aug. 
25, showing revenues jumped more than 40 percent and earnings 
before interest and tax (EBIT) rose to 27.6 million from 19.7 
million euros.  ID:nASN0009MC  
     
    BERTELSMANN  BTGGg.F  
    H1 results due. 
         
    EX-DIVIDEND  
    DEUTSCHE POSTBANK  DPBGn.DE  - dividend 1.66 eur/shr 
     
    OVERSEAS STOCK MARKETS   
    Dow Jones  .DJI  -0.1 pct, S&P 500 .SPX  +0.1 pct, Nasdaq 
 .IXIC  +0.3 pct at Friday's close.  ID:nZXN0RJ92I  
    Nikkei  .N225  -1.8 pct, Shanghai stocks  .SSEC  -3.4 pct. 
    Time: 5.16 GMT.  ID:nL4N11618U  
     
    GERMAN ECONOMIC DATA 
    German July retail sales due at 0600 GMT. Seen +1.0 pct m/m 
in real terms, +1.9 pct y/y. 
     ECONDE   G7TODAY   
     
    EUROPEAN FACTORS TO WATCH  WATCH/EU  
    DIARIES  DE/DIA   WEU/EQUITY  
    REUTERS TOP NEWS  TOP/NEWS  
 
 (Reporting by Maria Sheahan, Ludwig Burger and Jonathan Gould) 
 ((maria.sheahan@thomsonreuters.com; +49 69 7565 1286; Reuters 
Messaging: maria.sheahan.thomsonreuters.com@reuters.net)) 
 
Keywords: GERMANY MARKETS STOCKS/