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Stocks on the move Real-time Equity News
08:52GMT 05March2009
Solar Millennium gains on Nevada project
Shares in German solar company Solar Millennium rise 6.9 percent and are among the biggest gainers in Germany's stocks universe, after the company late on Wednesday says it has signed a memorandum of understanding (MOU) with NV Energy and MAN Ferrostaal for the design of a power plant in Nevada.
'This is highly positive as it could be the breakthrough in the U.S. market. So far, it is just a MOU, but this is a significant step,' says Karsten von Blumenthal, analyst at SES Research.
As a first step, the parties are undertaking energy transmission and environmental studies, as well as developing financing options, Solar Millennium says in a statement.
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08:51GMT 05Mar2009
Michael Page down on results, bleak outlook
Shares in Michael Page International fall as much as 8.7 percent after the British staffing group reports a 5 percent fall in 2008 profit as slowing economies and the credit crisis dampen demand for workers and says market conditions have deteriorated further in 2009.
The group says demand for permanent placements fell at an increasing rate in Britain, North America and Spain in 2008 and has recently begun to decline in most of the 28 countries in which the group operates.
'Current trading is predictably difficult, with net fee income down 30 percent and effectively breaking even at the operating level,' says Arbuthnot analyst Xavier Gunner.
'The outlook highlights the lack of visibility ... Consensus estimates show profit before tax falling by around 50 percent for 2009.'
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08:40GMT 05March2009-Option falls to all
time low after weak Q4
Shares in Belgian wireless data card maker Option fall to an all-time low after the group says its fourth-quarter operating loss widens and expresses concern over increasing competition.
The stock falls as much as 9.8 percent to an all-time low of 1.18 euros.
'The operating loss was substantially higher than we expected, ' KBC analyst Nico Melsens says in a note to clients.
He says Option's comments on increasing price competition between two Chinese vendors is 'worrisome'.
'This means that next to Huawei, which has been aggressively pursuing market share for several years, now also ZTE is stepping up its efforts in Europe,' Melsens says, adding that this will add pressure on prices and margins in the European wireless broadband market.
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COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Stocks on the move Real-time Equity News
08:52GMT 05March2009
Solar Millennium gains on Nevada project
Shares in German solar company Solar Millennium rise 6.9 percent and are among the biggest gainers in Germany's stocks universe, after the company late on Wednesday says it has signed a memorandum of understanding (MOU) with NV Energy and MAN Ferrostaal for the design of a power plant in Nevada.
'This is highly positive as it could be the breakthrough in the U.S. market. So far, it is just a MOU, but this is a significant step,' says Karsten von Blumenthal, analyst at SES Research.
As a first step, the parties are undertaking energy transmission and environmental studies, as well as developing financing options, Solar Millennium says in a statement.
For more double click on
Reuters Messaging rm://christoph.steitz.reuters.com@reuters.net
08:51GMT 05Mar2009
Michael Page down on results, bleak outlook
Shares in Michael Page International fall as much as 8.7 percent after the British staffing group reports a 5 percent fall in 2008 profit as slowing economies and the credit crisis dampen demand for workers and says market conditions have deteriorated further in 2009.
The group says demand for permanent placements fell at an increasing rate in Britain, North America and Spain in 2008 and has recently begun to decline in most of the 28 countries in which the group operates.
'Current trading is predictably difficult, with net fee income down 30 percent and effectively breaking even at the operating level,' says Arbuthnot analyst Xavier Gunner.
'The outlook highlights the lack of visibility ... Consensus estimates show profit before tax falling by around 50 percent for 2009.'
For more, click on
Reuters messaging rm://rhysl.jones.reuters.com@reuters.net
08:40GMT 05March2009-Option falls to all
time low after weak Q4
Shares in Belgian wireless data card maker Option fall to an all-time low after the group says its fourth-quarter operating loss widens and expresses concern over increasing competition.
The stock falls as much as 9.8 percent to an all-time low of 1.18 euros.
'The operating loss was substantially higher than we expected, ' KBC analyst Nico Melsens says in a note to clients.
He says Option's comments on increasing price competition between two Chinese vendors is 'worrisome'.
'This means that next to Huawei, which has been aggressively pursuing market share for several years, now also ZTE is stepping up its efforts in Europe,' Melsens says, adding that this will add pressure on prices and margins in the European wireless broadband market.
For more, double click on
Reuters messaging rm://antonia.vandevelde.reuters.com@reuters.net
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.