European Factors to Watch-DAX and CAC seen opening sharply lower

  • Reuters
  • Stock Market News
European Factors to Watch-DAX and CAC seen opening sharply lower
Credit: © Reuters.

(Adds details, company news)

LONDON, Aug 31 (Reuters) - Germany's DAX share index .GDAXI is expected to open 139 points lower, or down 1.35 percent and France's CAC 40 .FCHI is likely to fall 65 points, or 1.39 percent, on Monday, according to IG.

The UK market is closed for a public holiday.

COMPANY NEWS

SYNGENTA SYNN.VX

The agrichemicals company may seek partners to help improve its product lineup after a thorough review in the wake of a rebuffed takeover approach from Monsanto (NYSE: MON ) Co MON.N , its chairman told a Swiss newspaper.

VOLKSWAGEN VOWG_p.DE

Japan's Suzuki Motor Corp 7269.T said on Sunday it will buy back the 19.9 percent stake it sold to Volkswagen (XETRA: VOWG ) after an international arbitration court settled a dispute between the automakers over their failed partnership.

ALLIANZ ALVG.DE

Allianz has joined Borealis Infrastructure, which manages investments for Canada's Ontario Municipal Employees Retirement Systems, to explore a bid for London City Airport, a source familiar with the process said.

BAYER BAYGn.DE

The drugmaker on Monday plans to release Phase II trial data on new heart failure drug finerenone. The oral drug may only reach the market in 2020 or 2021 but it is seen by some analysts as having peak sales potential of $2.0 billion.

Separately, Handelsblatt reported that the Covestro business could be valued at 10 billion euros in an IPO, with Bayer aiming to initially float a third of that. Sources told Reuters in July that Bayer is preparing a stock market listing of the plastics division as early as October.

RWE RWEG.DE

The German city of Essen, one of RWE's municipal shareholders, expects the utility to cut its dividend to 0.50-0.60 euros per share from 1 euro per share, Westdeutsche Allgemeine Zeitung cited the city's treasurer as saying.

GFT GFTG.DE

The banking software services provider is scanning the market for potential takeover targets with 20-50 million euros in sales but is focused for now on the integration of recent deals, CEO Ulrich Dietz told Welt am Sonntag weekly.

GIVAUDAN GIVN.VX

The flavours and fragrances group has acquired cosmetics ingredients firm Induchem. The company would have added 25 million Swiss francs to 2014 sales.

BIOMERIEUX BIOX.PA

The French medical insruments maker said first-half operating income rose to 103 million euros from 78 million. ID:nFWN11307N

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