Telenet Group Holding NV, the Belgian cable operator controlled by Liberty Global Inc., plans to buy back as much as 724 million euros ($889 million) of its own shares in an operation funded by debt and ruled out making a bid for Royal KPN NV’s Belgian mobile-phone unit.
Barco NV, the Belgian maker of digital cinema projectors, rose to a two-month high in Brussels trading as a recovery in second-quarter revenue growth allayed some concerns that slowing cinema sales may hurt profit.
Telenet Group Holding NV , the Belgian cable operator controlled by John Malone ’s Liberty Global Inc., raised its forecast for cash generation and will add to borrowings to accommodate future shareholder payouts.
Mobistar SA, Belgium’s second- biggest mobile-phone company, reported second-quarter profit that beat estimates after almost reaching its full-year goal for savings and lowering a provision for payments to Belgacom SA.
Agfa-Gevaert NV, Europe’s largest maker of health-care imaging systems, rose the most in a year in Brussels after reporting a surprise profit because of cuts in administrative expenses to counter soaring raw-material costs.