EUROPE MARKETS: Iliad, Telecom Italia Among Key European Movers

By Dow Jones Business News, 
A A A


By Carla Mozee, MarketWatch

Merger news, earnings for stocks

LONDON (MarketWatch) -- Iliad SA and Telecom Italia SpA were among the biggest stock movers in European trade Wednesday.

European stocks overall fell by 0.9%, under pressure from worries about tensions between Russia and Ukraine, and disappointing updates about the Italian and German economies.

Movers

Hannover Re SE shares fell 3.5%. The reinsurer's second-quarter net profit climbed to 211.5 million euros ($282.9 million) from EUR192.3 million, but was short of the analyst consensus of EUR218 million.

Iliad SA shares dropped 5.7% as the French company, according to a Wall Street Journal report, will stick with its $ 15 billion offer to buy T-Mobile US (TMUS) following the collapse of a rival bid from Sprint (S) .

Swiss Re AG posted a 2% rise in profit in the second quarter, but shares of the reinsurer declined 3%.

Telecom Italia SpA fell back 2.6%. The telecom group swung to a first-half profit but a sluggish operating performance underscored tough trading conditions in Italy.

More must reads from MarketWatch:

Italy's industrial output rises above expectations

German manufacturing orders tank as Ukraine, Russia weigh

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


  (END) Dow Jones Newswires
  08-06-141219ET
  Copyright (c) 2014 Dow Jones & Company, Inc.


This article appears in: Commodities

Referenced Stocks: 9984 , HNR1 , HVRRY , ILD , ILIAY

Dow Jones Business News


More from Dow Jones Business News:

Related Videos

Stocks

Referenced

Most Active by Volume

91,252,153
  • $13.78 ▼ 4.31%
68,133,496
  • $12.93 ▲ 6.77%
57,268,074
  • $46.13 ▲ 2.47%
43,432,023
  • $105.22 ▲ 0.37%
40,880,685
  • $13.46 ▲ 8.90%
40,712,405
  • $98.62 ▲ 0.82%
39,776,976
  • $16.72 ▲ 0.72%
34,688,871
  • $11.16 ▲ 3.05%
As of 10/24/2014, 04:15 PM