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Market Update

Europe Movers: Credit Agricole, 888 Holdings, Software AG, Telecom Italia


Author: Barry Randall
ticker.com
Last Update: 9:43 AM ET February 08 2013

Banks were in focus in active trading in Paris and in Frankfurt.

Credit Agricole SA increased 6% to 7.29 euros, Societe General SA gained 2.4% to 31.81 euros and BNP Paribas SA added 2% to 44.34 euros.

Commerzbank increased 2% and Allianz SE added 0.4%. Deutsche Bank increased 0.2%.

Online gambling stocks in London were higher after New Jersey Governor Chris Christie said he would permit online wagering for gambling conducted by Atlantic City casinos.

B.win Party Digital Entertainment Plc soared 20% to 140.1 pence and 888 Holdings Plc surged 14% to 132 pence.

Software AG increased 60 cents to 29.05 euros after the second largest German software developer said it will buy back stocks worth as much as 180 million euros.

TDC A/S decreased 2.3% to DKK40.05 after local media reports suggested that the Danish telecom company has increased stock sale to 120 million shares compared to 80 million shares in an offering managed by UBS AG.

Telecom Italia declined 1.2% to 67 euro cents after the telecom operator reported operating earnings of 11.7 billion euros, ahead of analyst estimates.

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