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(AFX UK Focus)
2008-11-06 07:46
EMERGING EUROPE STOCKS - Factors to Watch Nov 6 |
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WARSAW, Nov 6 (Reuters) - Here are news stories, press reports and events to watch which may affect Central/Eastern Europe's financial markets on Thursday.
BANK HANDLOWY About 200 clients of Polish mid-sized lender Bank Handlowy invested in structured notes issued by the bankrupt Lehman Brothers, Gazeta Wyborcza reports. AGORA, AXEL SPRINGER The circulation of Gazeta Wyborcza, the flagship daily of media group Agora, fell almost 15 percent in September, while Dziennik, published by German Axel Springer plunged almost 49 percent, Gazeta Prawna reports.
BZ WBK Polish lender Bank Zachodni WBK beat expectations with a 9 percent rise in third-quarter earnings as lending and deposit growth made up for a slump in its mutual fund business.
POLIMEX Polish construction group Polimex posted a 50 percent rise in third-quarter net profit to 33 million zlotys ($12 million), in line with market expectations.
ENEA State-owned energy group Enea will revise its investment plans after it cut the size of its IPO to 2 billion zlotys from the expected 2.5-3.0 billion, its chief executive tells Parkiet.
MAGYAR TELEKOM Magyar Telekom reports a 5.8 percent rise in third-quarter net income, beating market expectations and raised its full-year guidance due to a one-off booking revision.
SANMINA Hungarian electronics manufacturing company Sanmina-SCI is planning to cut 400 jobs at its plant in Tatabanya, Nepszabadsag reports.
MECHEL TARGOVISTE Romanian steel maker Mechel Targoviste, owned by Russia's Mechel, will stop production until Nov. 10 because of lower demand from clients affected by the international financial crisis, Ziarul Financiar reports.
SMITHFIELD The Romanian unit of U.S. meat company Smithfield Food Inc said it plans a $600 million investment in the next four years and expects to end this year with a 15-20 percent turnover growth, Ziarul Financiar reports.
EUROPEAN MARKETS European shares were set to open lower, tracking sharp declines in U.S. and Japanese markets, with concerns about the economy resurfacing after U.S. election euphoria. Financial bookmakers expected Britain's FTSE 100 to open down 113 to 124 points, or as much as 2.7 percent, Germany's DAX to open 158 to 171 points lower, or as much as 3.3 percent, and France's CAC-40 to fall 106 to 131 points, or as much as 3.6 percent. For the latest news on European markets, double click
WALL STREET U.S. stocks plummeted on Wednesday as a fresh batch of dismal economic data underscored the massive challenges awaiting the incoming Obama administration. For latest Wall Street news, double click
OTHER EQUITY NEWS
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