Monday 16 January, 10:15 AM GMT (Thomson Financial): European markets are
trading mixed with volumes expected to be thin with the U.S. markets
closed for Martin Luther King day. Amongst today's key news, Oce has
announced preliminary full year net income of 78.8 million euros compared
to 78.1 million euros in the previous year. ThyssenKrupp and Arcelor have
raised their bids for Dofasco, while shares in Standard Chartered Bank
have opened higher on reports it may be a possible bid target. Finally,
TNT has denied holding negotiations with German entrepreneur Cornelius
Geber about selling the company.
London's FTSE-100 Index is up by 10.90 points or 0.19% to 5721.90, while
Paris's CAC-40 Index is barely higher, by 1 point or 0.02% to 4851.53.
Frankfurt's DAX Index is barely lower, by 0.62 points or 0.01% to 5482.47
and Milan's S&P MIB Index has risen by 181 points or 0.50% to 36,446. The
pan-European blue chip Dow Jones Stoxx 50 Index is down by 5.53 points or
0.16% to 3415.84.
* Printing services group Oce has announced preliminary full year net
income of 78.8 million euros compared to 78.1 million euros in the
previous year. Operating income has dipped to 110.1 million euros from
110.4 million euros in the prior year, on revenues of 2.677 billion euros
versus 2.652 billion euros last year. The company said that following a
downward trend, revenues from services and media started to grow again
during 2005 because earnings from servicing have become more stable due to
placements of new printing systems and growth in revenues from Business
Services.
* ThyssenKrupp has increased its offer for Dofasco to 68 Canadian dollars
per share from 63 Canadian dollars per common share. Rival bidder Arcelor
has responded by increasing its offer for Dofasco to 71 Canadian dollars
from its previous offer of 63 Canadian dollars.
* Shares in Standard Chartered Bank have opened higher after a report in
The Observer newspaper suggested the group was being eyed up as a possible
bid target by several U.S. banking groups.
* Dutch postal and logistics firm TNT has denied holding negotiations with
German entrepreneur Cornelius Geber about selling the company after
weekend press reports suggested he was in favour of launching a hostile
bid for the Dutch company.
Simon.Tse@Thomson.com; Thomson Financial
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SOURCE Thomson Financial Corporate Group
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