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Market Update

Europe Movers: Anglo American, Philips, RBS, William Hill

Author: Barry Randall
Last Update: 1:55 PM ET January 29 2013

3i Group Plc increased 3% to 266 pence after the company confirmed that activist investor Edward Bramson has increased his stake in the venture capital fund operator.

Anglo American Plc added 3% to 1,929 pence after the iron ore miner said it has written down $4 billion from the value of its Minas-Rio project in Brazil and raised its capital spending estimate.

BT Group Plc decreased 2% to 246 pence after negative comments from Merrill Lynch indicated efforts to increase sales are increasing cost and lowering earnings growth.

Royal Philips gained 2% to 22.40 euros after the world’s largest lighting systems maker said fourth quarter operating earnings increased 50% to 875 million euros.

Royal Bank of Scotland declined 6% to 345 pence after the U.S. authorities brought criminal charges that the lender attempted to rig interest rates. People familiar with the talks with the U.S. Justice Department suggested that the bank may agree as early as this Friday to settle charges and pay 500 million pounds.

Software AG plunged 17% to 28.50 euros after Germany based infrastructure software developer reported lower than expected revenues of 276 million euros and net income of 50.7 million euros.

Saipem SpA declined 3% to 30.40 euros after Merrill Lynch sold 9.97 million shares in the largest Europe based oil platform service contractor at 30.65 euros, according to Bloomberg News.

William Hill advanced 2% to 374 pence after the U.K. based gambling bookmaker said full-year revenues rose 12% on stronger than expected fourth quarter results. The full-year data are scheduled to be released on March 1.

Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc