Sun, May 25, 2003 - Page 10 News List

European markets falter as the dollar hits the floor

BLOOMBERG , LONDON

The shares have risen 30 percent since the announcement.

Carlton Communications Plc, which has agreed to be bought by larger UK television rival Granada Plc, jumped 17 percent to 124.5 pence this week. It gained after posting a fiscal first-half profit because it closed an unprofitable pay-TV venture.

Centerpulse AG, Europe's largest orthopedics company, jumped 15 percent to 343 Swiss francs this week.

Zimmer Holdings Inc, a US maker of reconstructive implants, made an unsolicited offer worth 3.94 billion Swiss francs (US$3.05 billion) for the company to create the world's biggest maker of implants used for reconstructive surgery.

NH Hoteles SA soared 16 percent for the week after Grupo Inversor Hesperia, a Spanish hotel chain, offered 259 million euros in cash for 26 percent of its rival.

Shares of Lonza Group AG, the world's No. 3 maker of drug ingredients, had a record one-day drop on Monday and a weekly loss of 16 percent after the Swiss company said 2003 profit will be lower than expected.

Northumbrian Water Group Plc yesterday rose 9.5 percent to £1.095 on their first day of trading after Suez SA, the world's second-biggest water company, sold the UK water and sewerage business to a Deutsche Bank AG-led group.

Investors bought 389 million shares at £1 apiece in an initial public offering, giving Northumbrian a market value of about &#;165519 million (US$850 million).

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