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HVRRY Hannover Rueckversicherung SE (PK)

46.25
-0.08 (-0.17%)
02 Oct 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Hannover Rueckversicherung SE (PK) USOTC:HVRRY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.08 -0.17% 46.25 46.26 46.46 47.17 46.25 46.58 2,278 21:00:06

EUROPE MARKETS: Iliad, Telecom Italia Among Key European Movers

06/08/2014 12:00pm

Dow Jones News


Hannover Rueckversicherung (PK) (USOTC:HVRRY)
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By Carla Mozee, MarketWatch

Merger news, earnings for stocks

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

European stocks overall were under pressure by worries about tensions between Russia and Ukraine, and disappointing updates about Italian and German economies.

Movers

Hannover Re SE shares fell 3.3%. 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 3% as the French company's $15 billion offer to buy T-Mobile US (TMUS) was expected to be rejected. T-Mobile denied Iliad access to its books as it considers the bid insufficient, The Wall Street Journal reported.

Swiss Re AG posted a 2% rise in profit in the second quarter, but shares of the reinsurer declined 2.7%.

Telecom Italia SpA fell back 1.6%. 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

U.S. stocks: Futures fall as Europe's economy stumbles

German manufacturing orders tank as Ukraine, Russia weigh

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


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