1:30 PM Frankfurt – France Telecom-plans to hire 4,000 employees over the next three years. Air Berlin said capacity utilization rose in September and Volvo signed letter of intent to divest plant in Spain.
AB Volvo rose 1% to SEK 95.90 after the truck maker signed a letter of intent with MAPE to sell the crankshaft plant in Leganes, Spain.
Air Berlin plc gained 1.2% to €1.57 after the discount airline said its capacity utilization in September increased 2.6 percentage points annually to 85.45%.
Burberry Group PLC, the British luxury fashion house climbed 1.3% to 1,013 pence on a broker upgrade.
Credit Suisse Group AG, the financial services provider increased 0.4% to Sfr 21.09 and a U.S. credit union regulator filed a lawsuit accusing the bank’s unit of selling faulty mortgage-backed securities to three credit unions leading to their collapse.
G4S plc advanced 0.9% to 266.60 pence after the security services provider acquired two companies, ASC NV and ASC Safety Services BVBA from the Belgium-based ASC-Group.
France Telecom-SA gained 1.6% to €9.503 after the telecommunications services provider plans to recruit 4,000 employees in permanent positions in France over the next three years.
Sanofi SA edged higher 1.4% to €68.42 after the diversified healthcare company announced new results from the ORIGIN trial showing treatment with Lantus was approximately 3-fold more likely to achieve and maintain target glycemic levels in the analysis compared to standard care in individuals with pre-diabetes or early type 2 diabetes at high cardiovascular risk.
Swiss Re AG fell 0.3% to Sfr65.20 and the reinsurer’s Chief Investment Officer; David Blumer decided to leave the company from November 1.