** EU WRAP **
** EUROPEAN MARKETS **
S&P future 0,08%; Bund future -0,07%; Crude future 61,22; €/$ 1,19235; Gold
552,39
** HEADLINES **
- Alwaleed Plans $6 Billion Kingdom Holding Initial Share Sale, Person Says
- Dubai’s DP World Agrees to Delay Its Takeover of Six U.S. Port Facilities
- Sanofi Plans to Introduce Acomplia as Diet Pill This Year After Setback
- InBev Profit Rises 26 Percent, Missing Estimates; Brewer May Cut 360 Jobs
- EU May Veto $1.6 Billion Deutsche Telekom Takeover of Austria’s Tele.ring
- WPP 2005 Profit Jumps 33 Percent as Grey Acquisition Helps Sales Increase
- Lloyds TSB Net Rises 4.2 Percent on Higher Income From Corporate Banking
** IN PLAY TODAY **
- Volkswagen AG is still in negotiation with Sixt AG and Cerberus Capital
Management LP about a purchase of Volkswagen’s Europcar car-rental division,
Frankfurter Allgemeine Zeitung said, citing unidentified bankers
close to the talks.
- InBev NV said 2005 profit increased 26 percent, less than
analysts estimated, on slow growth in Europe. The company may
cut 360 jobs in the first part of the year in the region. Net income increased
to 904 million euros, or 1.50 euros a share. A Bloomberg survey of five
analysts showed a median estimate of 997 million euros. Sales
gained 36 percent to 11.7 billion euros.
- WPP Group Plc said 2005 profit rose 33 percent as sales increased after its
acquisition of Grey Global Group Inc. Net income for the 12 months ended Dec. 31
rose to 364 million pounds, or 29.7 pence a share, from 273 million pounds, or
23.4 pence, a year earlier. Revenue increased 25 percent to 5.37 billion pounds.
Like-for-like revenue was up 5.5 percent. The net income for 2005 fell short
of analyst estimates of 406 million pounds, while revenue exceeded estimates of
5.27 billion pounds.
- Lloyds TSB Group Plc said 2005 profit rose 4.2 percent as a rise in
corporate-banking income outweighed a slowdown in consumer lending. Net income
was 2.49 billion pounds, or 44.2 pence a share, compared with 2.39 billion
pounds, or 42.5 pence a share, a year earlier. That beat the 2.43 billion-pound
median estimate.
- Sanofi-Aventis SA said it still plans to introduce the drug as a weight-loss
treatment this year. Sanofi also said net income last year rose to 6.34 billion
euros, or 4.74 cents a share, from 5.03 billion euros, or 3.77 cents, a year
earlier. That matched analysts’ estimates.
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