STOCKS NEWS EUROPE-Nyrstar sinks ahead of 2008 results
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13:55GMT 20Feb2009-Nyrstar sinks ahead of 2008 results
------------------------------------------------------ Shares in Belgium's Nyrstar (NYR.BR) slump more than 8 percent on investor jitters a week ahead of the company's full year results, after Paul Fowler stepped down as Chief Executive Officer on Monday and was replaced by Roland Junck.
The stock is down 6.9 percent. The losses are against the DJ Stoxx European Basic Resources Index SXPP, which is down 5.5 percent in an overall bearish market.
ING analyst Filip De Pauw cites the management shuffle just ahead of the results as sparking the selling, along with generally poor market sentiment especially for cyclical stocks.
"As an investor, you shouldn't feel comfortable when a CEO resigns one week before results," De Pauw says.
Reuters Messaging rm://anne.jolis.reuters.com@reuters.net
13:22GMT 20feb2009-Meetic surges after agrees acquisition
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Shares in France's Meetic (MEET.PA), which is aiming to become Europe's leading internet matchmaker by 2011, rise after it says it has signed a deal with U.S. group IAC to buy the European dating and matchmaking activities of Match.com.
"It is a good transaction for Meetic both financially and strategically," CM-CIC Securities analyst Jean-Pascal Brivady writes, reiterating his "buy" recommendation.
The stock is 13 percent higher at 15.50 euros at 1343 GMT, giving it a market value of almost 260 million euros, after earlier rising as much as 23 percent. The stock is up 31 percent since the start of the year. For a recent interview, double click on [ID:nN25294969]
Reuters Messaging rm://james.regan.reuters.com@reuters.net
12:18GMT 20Feb2009-Prisa drops on weak 2008 results Continued...


