Shareholders of Commerzbank AG, Germany’s second-biggest bank, may be the most furious in Europe after the stock tumbled more than any other bank outside crisis- hit Ireland and Greece.
ThyssenKrupp AG , Germany’s largest steelmaker, fell in Frankfurt after Chief Financial Officer Alan Hippe quit three years before his contract was scheduled to end.
Metro AG ’s second-quarter profit unexpectedly fell 15 percent as Germany’s largest retailer spent more to eliminate jobs.
Berggruen Holdings, the owner of German department-store chain Karstadt, said it made an improved offer with Blackstone Group LP for Metro AG’s Kaufhof stores.
The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses and are from the last close.
TUI AG, the biggest single shareholder in the Hapag-Lloyd shipping company, reported a smaller third-quarter loss as the container line posted a profit and interest payments fell.
Metro AG, Germany’s biggest retailer, said supervisory-board chairman Juergen Kluge will step down, a week after Chief Executive Officer Eckhard Cordes announced plans to relinquish his position.
ThyssenKrupp AG , Germany’s largest steelmaker, raised its earnings outlook for the current fiscal year after reporting profit that beat analyst estimates .
ThyssenKrupp AG , Germany’s biggest steelmaker, beat all European peers since selecting a chief executive in May who has no background in making steel.
For Metro AG, Germany’s largest retailer, showing up 10 years late for the online party is better than not turning up at all.
"Shareholders just cannot be satisfied with the management."
- Robert Greil on Apr 18, 2013