• Most Popular
  • Most Shared

STOCKS NEWS EUROPE-T.Austria down on outlook worries

Fri Jul 10, 2009 3:46am EDT

Stocks

   

Shares in Telekom Austria (TELA.VI) drop as much as 3 percent to 10.52 euros in early trade, extending Thursday's 3.8 percent decline, as uncertainty about its 2009 outlook reigns following a Reuters interview with Chief Executive Hannes Ametsreiter. [ID:nL9584093]

"Comments on the guidance will create short-term uncertainty until we hear more during the Q2 results on 19 August," UBS says in a note to clients.

Ametsreiter told Reuters on Thursday that the company was sticking to its guidance for now but was running a new forecast currently and would say more about it with publication of its second quarter results.

Reuters Messaging rm://boris.groendahl.reuters.com@reuters.net


More from Reuters

Photo

Sturdy U.S. home sales bolster economic growth prospects

WASHINGTON (Reuters) - Sales of previously owned U.S. homes jumped last month to their highest level in nearly three years, the latest sign that the economic recovery was gaining steam, after growing below expectations in the third quarter.

» More Top News
Guadalupe Hernandez receives an ultrasound by nurse practitioner Gail Brown during a prenatal exam at the Maternity Outreach Mobile in Phoenix, Arizona October 8, 2009. Credit: REUTERS/Joshua Lott

Health reform inches closer

Democrats are on the verge of passing landmark legislation by Christmas, with only one more hurdle remaining.  Full Article | Video 

Healthcare Reform
Photo

The end of the carry trade?

Borrowing the dollar cheaply to fund purchases of higher-yielding assets was a no-brainer in 2009, but will it be a safe bet in 2010?  Full Article 

CURRENCIES