Wednesday Morning View From Europe

by: Dealing Floor

From DealingFloor:


- E.ON’s Endesa Bid Challenges EDF as EU Drive to Open Market Spurs Mergers
- BASF Says Fourth-Quarter Profit Climbed 39 Percent, Helped by Lower Taxes
- Heineken 2005 Profit Rises 19 Percent on Premium Light Beer Sales in U.S.
- Anglo American Profit Advances to Record as Prices for Metals, Coal Rise
- European Stocks Might Decline; Shares of BASF, DaimlerChrysler May Drop
- Russian Bourses May Increase Share of Public Offerings in 2006, Micex Says
- Airbus Says Its 20-Year China Sales May Top $20 Billion With A320 Assembly
- Lafarge’s Lafont May Announce Management Job Cuts to Revive Profit Growth
- Rentokil May Say Earnings Declined on Lower Prices, Costs to Fend Off Bid


- BASF AG said fourth-quarter profit rose 39 percent, helped by lower taxes and
demand from Asia. Net income climbed to 560 million euros, or
1.10 euros a share, from 404 million euros, or 74 cents. Analysts surveyed by
Bloomberg News had forecast profit of 603 million euros. Sales rose 19 percent
to 11.7 billion euros, the company said.

- Heineken NV said earnings increased 19 percent in 2005 after the company cut
costs and introduced Heineken Premium Light beer in the U.S. Profit growth this
year will slow. Net income rose to 761 million euros, or 1.55
euros a share, from 642 million euros, or 1.31 euros, a year
earlier. A Bloomberg survey of seven analysts showed a median estimate of 721
million euros. Sales climbed 7.3 percent to 10.8 billion euros.

- Anglo American Plc said profit last year rose 0.6 percent to a record on
higher prices for metals and coal. The company will return $1.5 billion to
shareholders. Net income climbed to $3.52 billion, or $2.36 a share, from
$3.5 billion, or $2.35, a year earlier. It will list paper unit Mondi this year
or in 2007 and sell a portion of its 51 percent holding in AngloGold Ashanti
Ltd. in coming months.