Shares tread water on mixed signals
climbed 2.81 per cent to €1.089 on an upbeat trading statement indicating strong sales and a boost to planning permissions. The group is sticking with earnings guidance of 7½ to 8 cent a share for this year.stock sank a further 25.8 per cent to 1.15 cent after the explorer said it was axing plans to raise €20 million.
Most observers expect the European Central Bank to hike borrowing rates further in a bid to ease inflation that has continued for two years.rose 1 per cent to 90.44 Swiss francs after saying its generic-drug unit Sandoz could add $3 billion in sales over the next five years. Microchip makerGerman biotech companyjumped 8.4 per cent to €22.86 after Citigroup raised its rating on the stock to “buy” from “neutral”, on an attractive outlook.
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