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Market Update

Europe Movers: Credit Agricole, Ipsen, Vestas


Author: Arthi Gupta
ticker.com
Last Update: 9:08 AM ET August 28 2012

2:30 PM Frankfurt – Credit Agricole second quarter net income plunged 67% on Intesa impairment charges and Greek costs. Ipsen first-half total revenues rose 9% to €675 million. Vestas surged 17% after confirming talks with Mitsubishi Heavy Industries for strategic cooperation.

Credit Agricole SA gained 0.3% to €4.29 after the French lender reported second quarter net income group share plunged 67% to €111 million compared with €339 million in the second quarter of 2011 on €427 million of the impairment of Intesa Sanpaolo shares and €370 million costs in Greece.

Ipsen SA soared 3.5% to €19.21 after the pharmaceutical company said first-half total revenues rose 9% to €675 million from a year before. Consolidated net profit attributable to the company''s shareholders fell 1.6% to €90.2 million or €1.07 per share, from €91.7 million or €1.09 per share last year.

Vestas Wind Systems A/S surged 16.7% to DKK 39.58 after the Danish wind-turbine maker confirmed that is in dialog with Mitsubishi Heavy Industries that may lead to strategic cooperation.

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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