STOCKS NEWS EUROPE-Q-Cells gains; Goldman upgrades to "neutral"
STOCKS NEWS Reuters Results diary
Stocks on the move [HOT-RTRS] Real-time Equity News [E] [WEU/EQUITY]
15:38GMT 04Feb2009-Q-Cells gains; Goldman upgrades to "neutral"
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Shares in German solar cell producer Q-Cells (QCEG.DE) rise 5.1 percent in Frankfurt's technology index .TECDAX, after Goldman Sachs upgrades the stock to "neutral" from "sell" and removes it from its "Conviction Sell List", citing "a period of underperformance".
"We remain concerned about Q-Cells relative to key peers (like SolarWorld (SWVG.DE)), but believe the current valuation is fair and now see limited downside," Goldman Sachs says in a note.
Reuters Messaging rm://christoph.steitz.reuters.com@reuters.net
15:23GMT 04Feb2009-Crucell shares jump on new Sanofi bid talk
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Shares in Dutch biotech company Crucell (CRCL.AS) rise more than 6 percent on renewed speculation that French pharma group Sanofi-Aventis (SASY.PA) could be planning a takeover bid.
"There is talk of possible interest from Sanofi. Crucell is one of the stocks investors think might be a takeover target. That's the main question, will it be taken over soon or later," an Amsterdam trader says.
Sanofi has repeatedly declined to comment on speculation it could be interested in Crucell, but is expected to make acquisitions this year to boost its growth. [ID:nL3111548]
For more double click on [CRCL.AS]
Reuters Messaging rm://aaron.gray-block.reuters.com@reuters.net
15:22GMT 04Feb2009-European shippers rise on Chinese data
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Shares in European shipping firms gain after improved manufacturing data from China suggests the country's downturn may be bottoming out.
Norwegian dry bulk shipper Golden Ocean Group (GOGL.OL) and Oslo listed Hong Kong dry bulk firm Jinhui Shipping & Transportation (JINS.OL) rise 13 percent and 16 percent, respectively.
"Rates are going up and there's an increased focus on iron ore trade after China reduced inventories a lot lately," Frode Morkedal at Pareto Securities says.
Shares in Danish oil and shipping conglomerate A.P. Moller-Maersk (MAERSKb.CO) rise 8.6 percent. The company operates the world's biggest container shipper. Shares in Danish shipper D/S Norden (DNORD.CO) rise 13 percent.
For more double click on [ID:nPEK26120]
Reuters Messaging rm://kim.mclaughlin.reuters.com@reuters.net
15:08GMT 04Feb2009-Mouchel up; says demand stays buoyant
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Shares in Mouchel Group (MCHL.L) gain 7 percent after the UK support services firm reports in-line trading and says demand in its public sector and regulated markets remains buoyant.
In a trading update, Mouchel, which provides services to government and the transport, education and utility industries, says it is on track to meet its expectations in the year to July 31.
While it continues to face challenges in the UK rail market and in the Middle East, the firm says it has a 2 billion pounds order book and is well placed to weather the recession.
Investec says: "This significant order book gives the group a high level of earnings visibility and supports our confidence in existing forecasts."
The broker retains a "hold" rating on Mouchel shares.
Reuters Messaging: philip.waller.thomsonreuters.com@reuters.net
15:00GMT 04Feb2009-BoE, ECB rate decision focus on Thursday
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MACRO:
1200 GB BoE rate decision
1245 EZ ECB rate decision
1330 US jobless claims
1330 US Labour costs/Productivity
1500 US Durable goods
EUROPEAN COMPANIES REPORTING
Q4 GlaxoSmithKline (GSK.L)
Q4 Deutsche Bank (DBKGn.DE)
Q4 Unilever (ULVR.L)
Q4 Banco Santander (SAN.MC)
FY Zurich Financial (ZURN.VX)
Q4 Danske Bank (DANSKE.CO)
Q4 BG Group (BG.L)
FY Fortum Corp (FUM1V.HE)
FY Neste Oil (NES1V.HE)
FY Mobistar (MSTAR.BR)
FY UPM-Kymmene Group (UPM1V.HE)
Q4 Kesko (KESBV.HE)
Q4 Rautaruukki (RTRKS.HE)
Q4 Stora Enso (STERV.HE)
Q1 Compass Group (trading) (CPG.L)
Q4 EIFFAGE (FOUG.PA)
Q4 LVMH Moet-Hennessy n (LVMH.PA)
Q4 Teleperformance (ROCH.PA)
FY Luxottica (LUX.MI)
Q4 Holmen (HOLMb.ST)
U.S. COMPANIES REPORTING
Q4 MasterCard Incorporated (MA)
Q4 Kellogg Co. (K)
Q4 Moody's Corporation (MCO)
Q2 Cardinal Health (CAH)
Q2 JDSU (JDSU.O)
Q2 News Corporation (NWSA.O)
Q2 The Estee Lauder Co. (EL)
Q4 CIGNA (CI)
Q4 Cincinnati Financial (CINF.O)
Q4 Duke Energy Corporation (DUK)
Q4 Equity Residential (EQR)
Q4 FLIR Systems, Inc. (FLIR.O)
Q4 Hartford Financial (HIG)
Q4 IMS Health (RX)
Q4 Intl. Flavors & Fragrances(IFF)
Q4 Kimco Realty Corporation (KIM)
Q4 Millipore Corp. (MIL)
Q4 Pitney Bowes Inc. (PBI)
Q4 Scripps Networks (SNI)
Q4 Spectra Energy (SE)
Q4 VeriSign, Inc. (VRSN.O)
Q4 Western Union Co. (WU)
Reuters Messaging rm://brian.gorman.thomsonreuters.com@reuters.net
