Reuters logo
BUZZ-Europe movers: William Hill, Accor, Randstad, BAE, Vedanta, Gemalto
February 20, 2014 / 11:30 AM / in 4 years

BUZZ-Europe movers: William Hill, Accor, Randstad, BAE, Vedanta, Gemalto

European stocks on the back foot. Materials and financial services the weakest while utilities & telecoms holding up. Here’s what moving in Europe beyond the indices:

** William Hill : +2.6%, stark outperformer in travel & leisure sector (only stock besides Paddy Power trading higher). Exane BNP ups target price, raises to “outperform.”

** Accor PA : -2.8%, on the flip side Accor is worst performing in sector, after results disappoint. Stock pulls further back from post-GFC high.

** Randstad : -8.3%, sharpest single-day slide since Aug 2011, heavy volumes after earnings miss. Big outperformer over past year, was up ~70% last year.

** Vedanta : -5.7%, weakest & most active stock in basic resources sector. HSBC cuts rating to “underweight” and slashes target price by 26%, cites sluggish cash flow & delay in India unit divestment.

** Suez Env : +7.4%, nearly twice the average daily volume traded by afternoon following results. Best performer on the utilities index, testing resistance at recent high.

** Gemalto : sinks on big volumes after Visa, Mastercard chose to back a rival payment system.

** BAE Systems : -8.4%, co gives weak outlook citi US budget pressures. Street divided on stock with 4 buys vs 4 sells and 13 analysts on the fence with a ‘hold’.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below