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Market Update

Europe Movers: Aurubis, ADB, FirstGroup, Lagardere, Telecom Italia

Author: Nigel Thomas
Last Update: 10:08 AM ET April 09 2013

3:00 PM Frankfurt Aurubis chief executive officer expects better outlook in the US and Europe. ADB agrees to pay 169 million to France based PAI Partner. FirstGroup sold eight of its London depots. Lagardere sold 7.4% stake in Airbus parent EADS to raised 2.3 billion.

In London trading, FTSE 100 index gained 0.5% or 29 to 6,306 and in Frankfurt the DAX index inched up 0.1% to 5.4 to 7,668.

In Paris, CAC 40 index rose 0.3% or 12.1 to 3,679.

Aurubis AG soared 4.6% to 48.68 after Peter Willbrandt chief executive officer said demands from Europe is slightly improving.

ADB Airfield Solutions, the airfield lighting provider on speculation agrees to pay 169 million to France based PAI Partner of debt supporting acquisition of the business.

FirstGroup Plc gained 2.8% to 206.70 pence after the UK based transport firm sold-off eight of its London depots in deals of the sale for a gross consideration of 57.5 million. The company said sold five depots to London bus operator Metroline.

Lagardere SCA dropped 2.2% to 27.91 after the France based media group sold its entire 7.4% stake in Airbus parent EADS to raised 2.3 billion or $3 billion.

Telecom Italia SpA climbed 3.9% to 0.596 after the Italy based telecom group said it is in preliminary non-binding talks with Hutchison Whampoa Group aimed at checking the feasibility of an integration process.

Local media reports in Milan suggested that Hong Kong based company may acquire 29.9% stake.

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