- STOCKS NEWS Reuters Results diary Stocks on the move [HOT-RTRS] Real-time Equity News [E] [WEU/EQUITY] 07:20GMT 20Aug2008-European shares rebound as energy, miners rise ----------------------------------------------------------------- European shares rise in early trade, recouping some of the losses from the previous session as commodity-related stocks bounce back along with oil and metal prices. At 0714 GMT, the FTSEurofirst 300 <.FTEU3> index of top European shares is up 0.5 percent at 1,165.30 points. Rio Tinto <RIO.L> adds 3.4 percent, Xstrata <XTA.L> gains 3.7 percent and BP <BP.L> rises 1.4 percent. Tech shares get a boost from Hewlett-Packard's <HPQ.N> results that beat estimates overnight as well as from a deal announced by STMicroelectronics <STM.PA> and Ericsson <ERICb.ST> to combine their chip and mobile applications businesses. STMicro gains 2.2 percent, Ericsson rises 1.1 percent, while Infineon <IFXGn.DE> adds 1.5 percent and Alcatel-Lucent <ALUA.PA> gains 1 percent. Reuters Messaging rm://[EMAIL PROTECTED] 07:21GMT 20Aug2008-Ferrovial gains ground after BAA ruling ---------------------------------------------------------- Shares in Ferrovial rise 2.82 percent to 34.0 euros after the UK Competition Commission said its BAA unit may have to sell two of its three London airports. "In principal this is bad news for Ferrovial... the only positive reading that can be given is that Ferrovial could take advantage of the asset sale to further reduce debt and operate BAA with fewer obstacles," a trader said. For more double click on [ID:nLK68001] Reuters Messaging rm://[EMAIL PROTECTED] 07:05GMT 20Aug2008-Wirecard shares surge after improved outlook --------------------------------------------------------------- Shares in WireCard <WDIG.DE> surge 9.2 percent to 7.46 euros, topping gainers in Germany's technology index <.TECDAX>, as the payment systems provider raises its full-year guidance after reporting final second-quarter results. "We did not reckon with an increase of the guidance," says Thorsten Reigber, analyst at DZ Bank in a note to clients. "So a positive surprise here." The analyst confirms his strong buy rating for the share and says that WireCard's valuation is still moderate compared to its peers. For more double click on [ID:nEQlwjbdox] Reuters Messaging rm://[EMAIL PROTECTED] 06:54GMT 20Aug2008-Telekom Austria seen opening lower as Q2 disappoints ----------------------------------------------------------------------- Shares in Telekom Austria <TELA.VI> are expected to open lower after the company's second quarter earnings miss estimates as a further decline of its domestic business is masked by its emerging markets business and one-off factors weigh down earnings, analysts say. "The numbers were light of expectations but better Int'l mobile masks a huge deterioration in domestic mobile," Deutsche Bank analyst David Wright says in a note to clients. "Earnings visibility is still lacking. This counters (Telekom Austria's) attractive valuation." "The market is pretty trigger-happy at the moment if there's missed numbers," says one analyst who declined to be identified. "But i don't see this as a big shock like we saw before, because it is largely seasonal and exceptional factors and I think the guidance is still achievable." For a story on the results, double click on [ID:nLK25989] Reuters Messaging rm://[EMAIL PROTECTED] 06:03GMT 20Aug2008-Futures point to higher open in Europe ---------------------------------------------------------- European stocks are set to open higher after big falls in the previous session, steadied by gains in Asian markets and with energy stocks set to benefit from a renewed rise in crude prices. At 0604 GMT, futures for the DJ Euro Stoxx <STXEc1>, for Germany's DAX <FDXc1> and for France's CAC <FCEc1> were up between 0.2 percent and 0.4 percent. With the corporate and macro diaries both fairly thin, investors will focus on minutes of the Bank of England's latest rate setting meeting, due at 0830 GMT. Tech stocks could gain after Hewlett-Packard Co <HPQ.N> posted results that beat Wall Street targets. COMPANY UPDATES: Telekom Austria <TELA.VI> Q2: EBITDA seen up 3 pct at 479 mln eur MACROECONOMIC INDICATORS: GB BoE meeting minutes 0830 GMT GB CBI orders 1000 GMT AMONG STOCKS GOING EX-DIV: Anglo American <AAL.L> Barclays <BARC.L> BT Group <BT.L> Carnival <CCL.L> HSBC <HSBA.L> Pearson <PSON.L> Schroders <SDR.L> <SDRt.L> Scottish & Southern <SSE.L> Thomson Reuters <TRIL.L> Reuters Messaging rm://[EMAIL PROTECTED] Keywords: MARKETS EUROPE STOCKSNEWS [EMAIL PROTECTED] jlw COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
