. European shares fell overnight, led lower by the banking sector, with Greece's largest lender National Bank (NBG) slipping 6 per cent before a post market results statement. The pan European FTSEurofirst 300 index of top shares provisionally closed down 0.2 per cent at 1,068.93 points, after trading in a range of 1,067.06 1,073.73 points. "Given the decent run we have seen over the last couple of weeks, markets have become a little exhausted," said Gerhard Schwarz, head of global equity strategy at UniCredit. "The market is waiting for new significant factors 
Share:  . European shares fell overnight, led lower by the banking sector, with Greece's largest lender <span class="company">National Bank</span> (NBG) slipping 6 per cent before a post market results statement. The pan European FTSEurofirst 300 index of top shares provisionally closed down 0.2 per cent at 1,068.93 points, after trading in a range of 1,067.06 1,073.73 points.<span class="sent"> "Given the decent run we have seen over the last couple of weeks, markets have become a little exhausted," said <span class="analyst">Gerhard Schwarz</span>, head of global equity strategy at UniCredit.</span> "The market is waiting for new significant factors..... European shares fell overnight, led lower by the banking sector, with Greece's largest lender <span class="company">National Bank</span> (NBG) slipping 6 per cent before a post market results statement. The pan European FTSEurofirst 300 index of top shares provisionally closed down 0.2 per cent at 1,068.93 points, after trading in a range of 1,067.06 1,073.73 points.<span class="sent"> "Given the decent run we have seen over the last couple of weeks, markets have become a little exhausted," said <span class="analyst">Gerhard Schwarz</span>, head of global equity strategy at UniCredit.</span> "The market is waiting for new significant factors. Tweet this 

Benefits from the Shape 2012 cost program are "coming in very fast," spokesman Ruediger Stahlschmidt said today. Dusseldorf, Germany based Metro repeated that the program will lead to annual savings of 1.5 billion euros ($2.07 billion) by 2012, having added 208 million euros to profit last year. "Shape 2012 is gaining credibility," Volker Bosse, an analyst at Unicredit in Munich, said in a note. He has a "buy" rating on Metro stock. Metro was little changed at 42.98 euros as of 10:55 a.m in Frankfurt trading, after initially gaining 1.8 percent 
Share:  Benefits from the Shape 2012 cost program are "coming in very fast," spokesman Ruediger Stahlschmidt said today. Dusseldorf, Germany based <span class="company">Metro</span> repeated that the program will lead to annual savings of 1.5 billion euros ($2.07 billion) by 2012, having added 208 million euros to profit last year.<span class="sent"> "Shape 2012 is gaining credibility," <span class="analyst">Volker Bosse</span>, an analyst at Unicredit in Munich, said in a note. He has a "buy" rating on <span class="company">Metro</span> stock.</span> <span class="company">Metro</span> was little changed at 42.98 euros as of 10:55 a.m in Frankfurt trading, after initially gaining 1.8 percent....Benefits from the Shape 2012 cost program are "coming in very fast," spokesman Ruediger Stahlschmidt said today. Dusseldorf, Germany based <span class="company">Metro</span> repeated that the program will lead to annual savings of 1.5 billion euros ($2.07 billion) by 2012, having added 208 million euros to profit last year.<span class="sent"> "Shape 2012 is gaining credibility," <span class="analyst">Volker Bosse</span>, an analyst at Unicredit in Munich, said in a note. He has a "buy" rating on <span class="company">Metro</span> stock.</span> <span class="company">Metro</span> was little changed at 42.98 euros as of 10:55 a.m in Frankfurt trading, after initially gaining 1.8 percent....<span class="sent">"Shape 2012 is gaining credibility," <span class="analyst">Volker Bosse</span>, an analyst at Unicredit in Munich, said Tweet this 

By contrast, car maker Skoda Auto, Agrofert Holding group active in agriculture, food and chemical industries, and petrochemical company Unipetrol posted lower profits last year. Experts say the drop in sales is related with the economic crisis while profits reveal a more effective management. "The story of each company is so different that it is difficult to find a common reason behind the increase in profits," UniCredit Bank analyst Pavel Sobisek told CTK. According to Sobisek, energy companies saw their sales fall due to lower demand for energy while profits rose due to timely setting up of favourable input and output prices 
Share:  By contrast, car maker Skoda Auto, Agrofert Holding group active in agriculture, food and chemical industries, and petrochemical company <span class="company">Unipetrol</span> posted lower profits last year. Experts say the drop in sales is related with the economic crisis while profits reveal a more effective management.<span class="sent"> "The story of each company is so different that it is difficult to find a common reason behind the increase in profits," UniCredit Bank analyst <span class="analyst">Pavel Sobisek</span> told CTK.</span> According to Sobisek, energy companies saw their sales fall due to lower demand for energy while profits rose due to timely setting up of favourable input and output prices....By contrast, car maker Skoda Auto, Agrofert Holding group active in agriculture, food and chemical industries, and petrochemical company <span class="company">Unipetrol</span> posted lower profits last year. Experts say the drop in sales is related with the economic crisis while profits reveal a more effective management.<span class="sent"> "The story of each company is so different that it is difficult to find a common reason behind the increase in profits," UniCredit Bank analyst <span class="analyst">Pavel Sobisek</span> told CTK.</span> According to Sobisek, energy companies saw their sales fall due to lower demand for energy while profits rose due to timely setting up of favourable input and output prices. Tweet this 

By contrast, car maker Skoda Auto, Agrofert Holding group active in agriculture, food and chemical industries, and petrochemical company Unipetrol posted lower profits last year. Experts say the drop in sales is related with the economic crisis while profits reveal a more effective management. "The story of each company is so different that it is difficult to find a common reason behind the increase in profits," UniCredit Bank analyst Pavel Sobisek told CTK. According to Sobisek, energy companies saw their sales fall due to lower demand for energy while profits rose due to timely setting up of favourable input and output prices 
Share:  By contrast, car maker Skoda Auto, <span class="company">Agrofert Holding</span> group active in agriculture, food and chemical industries, and petrochemical company Unipetrol posted lower profits last year. Experts say the drop in sales is related with the economic crisis while profits reveal a more effective management.<span class="sent"> "The story of each company is so different that it is difficult to find a common reason behind the increase in profits," UniCredit Bank analyst <span class="analyst">Pavel Sobisek</span> told CTK.</span> According to Sobisek, energy companies saw their sales fall due to lower demand for energy while profits rose due to timely setting up of favourable input and output prices....By contrast, car maker Skoda Auto, <span class="company">Agrofert Holding</span> group active in agriculture, food and chemical industries, and petrochemical company Unipetrol posted lower profits last year. Experts say the drop in sales is related with the economic crisis while profits reveal a more effective management.<span class="sent"> "The story of each company is so different that it is difficult to find a common reason behind the increase in profits," UniCredit Bank analyst <span class="analyst">Pavel Sobisek</span> told CTK.</span> According to Sobisek, energy companies saw their sales fall due to lower demand for energy while profits rose due to timely setting up of favourable input and output prices. Tweet this 

By contrast, car maker Skoda Auto, Agrofert Holding group active in agriculture, food and chemical industries, and petrochemical company Unipetrol posted lower profits last year. Experts say the drop in sales is related with the economic crisis while profits reveal a more effective management. "The story of each company is so different that it is difficult to find a common reason behind the increase in profits," UniCredit Bank analyst Pavel Sobisek told CTK. According to Sobisek, energy companies saw their sales fall due to lower demand for energy while profits rose due to timely setting up of favourable input and output prices 
Share:  By contrast, car maker <span class="company">Skoda Auto</span>, Agrofert Holding group active in agriculture, food and chemical industries, and petrochemical company Unipetrol posted lower profits last year. Experts say the drop in sales is related with the economic crisis while profits reveal a more effective management.<span class="sent"> "The story of each company is so different that it is difficult to find a common reason behind the increase in profits," UniCredit Bank analyst <span class="analyst">Pavel Sobisek</span> told CTK.</span> According to Sobisek, energy companies saw their sales fall due to lower demand for energy while profits rose due to timely setting up of favourable input and output prices....By contrast, car maker <span class="company">Skoda Auto</span>, Agrofert Holding group active in agriculture, food and chemical industries, and petrochemical company Unipetrol posted lower profits last year. Experts say the drop in sales is related with the economic crisis while profits reveal a more effective management.<span class="sent"> "The story of each company is so different that it is difficult to find a common reason behind the increase in profits," UniCredit Bank analyst <span class="analyst">Pavel Sobisek</span> told CTK.</span> According to Sobisek, energy companies saw their sales fall due to lower demand for energy while profits rose due to timely setting up of favourable input and output prices. Tweet this 

Banks were among the top losers, with STOXX Europe banking index falling 0.7 per cent. Standard Chartered, HSBC, Barclays, BNP Paribas, Societe Generale and Natixis fell 0.6 to 1.8 per cent. "We have a lack of drivers probably in the short term," said Gerhard Schwarz, head of global equity strategy at UniCredit. "Chinese figures that came out this morning remind us that we will see a further tightening of conditions globally over the next couple of months." Figures showed Chinese consumer inflation jumped to a 16 month high in February and a raft of other domestic data displayed broad based strength, providing fresh arguments for policy tightening sooner rather than later 
Share:  Banks were among the top losers, with STOXX Europe banking index falling 0.7 per cent. <span class="company">Standard Chartered</span>, HSBC, Barclays, BNP Paribas, Societe Generale and Natixis fell 0.6 to 1.8 per cent.<span class="sent"> "We have a lack of drivers probably in the short term," said <span class="analyst">Gerhard Schwarz</span>, head of global equity strategy at UniCredit.</span> "Chinese figures that came out this morning remind us that we will see a further tightening of conditions globally over the next couple of months." Figures showed Chinese consumer inflation jumped to a 16 month high in February and a raft of other domestic data displayed broad based strength, providing fresh arguments for policy tightening sooner rather than later....Banks were among the top losers, with STOXX Europe banking index falling 0.7 per cent. <span class="company">Standard Chartered</span>, HSBC, Barclays, BNP Paribas, Societe Generale and Natixis fell 0.6 to 1.8 per cent.<span class="sent"> "We have a lack of drivers probably in the short term," said <span class="analyst">Gerhard Schwarz</span>, head of global equity strategy at UniCredit.</span> "Chinese figures that came out this morning remind us that we will see a further tightening of conditions globally over the next couple of months." Figures showed Chinese consumer inflation jumped to a 16 month high in February and a raft of other domestic data displayed broad based strength, providing fresh arguments for policy tightening so Tweet this 

That's equal to more than half the charge it faces from a 15 percent holding in EADS , Munich based UniCredit analyst Georg Stuerzer estimates. 
Share:  <span class="sent">That's equal to more than half the charge it faces from a 15 percent holding in <span class="company">EADS</span> , Munich based UniCredit analyst <span class="analyst">Georg Stuerzer</span> estimates.</span>...<span class="sent">That's equal to more than half the charge it faces from a 15 percent holding in <span class="company">EADS</span> , Munich based UniCredit analyst <span class="analyst">Georg Stuerzer</span> estimates.</span> Daimler must absorb its share of cost overruns on <span class="company">EADS</span>'s A400M military transport plane, spokesman Florian Martens said today, while declining to provide a figure. Tweet this 

That's equal to more than half the charge it faces from a 15 percent holding in EADS, Munich based UniCredit analyst Georg Stuerzer estimates. 
Share:  <span class="sent">That's equal to more than half the charge it faces from a 15 percent holding in <span class="company">EADS</span>, Munich based UniCredit analyst <span class="analyst">Georg Stuerzer</span> estimates.</span>...<span class="sent">That's equal to more than half the charge it faces from a 15 percent holding in <span class="company">EADS</span>, Munich based UniCredit analyst <span class="analyst">Georg Stuerzer</span> estimates.</span> Daimler must absorb its share of cost overruns on <span class="company">EADS</span>'s A400M military transport plane, spokesman Florian Martens said today, while declining to provide a figure. Tweet this 

I ) and Bank of Ireland ( BKIR. I ) rose 2.5 to 14 percent."Every (item of) positive news is welcome, and the (U. S.) non farm payrolls figures are certainly quite helpful," said Gerhard Schwarz, head of global equity strategy at UniCredit in Munich. "We are in a situation where the market is seeing that fears are calming down concerning Greece as we have seen two important milestones, the austerity package and the issuance of the 10 year bond, which alleviate funding concerns to some extent." 
Share:  I ) and <span class="company">Bank of Ireland</span> ( BKIR. I ) rose 2.5 to 14 percent."Every<span class="sent"> (item of) positive news is welcome, and the (U. S.) non farm payrolls figures are certainly quite helpful," said <span class="analyst">Gerhard Schwarz</span>, head of global equity strategy at UniCredit in Munich.</span> "We are in a situation where the market is seeing that fears are calming down concerning Greece as we have seen two important milestones, the austerity package and the issuance of the 10 year bond, which alleviate funding concerns to some extent."....I ) and <span class="company">Bank of Ireland</span> ( BKIR. I ) rose 2.5 to 14 percent."Every<span class="sent"> (item of) positive news is welcome, and the (U. S.) non farm payrolls figures are certainly quite helpful," said <span class="analyst">Gerhard Schwarz</span>, head of global equity strategy at UniCredit in Munich.</span> "We are in a situation where the market is seeing that fears are calming down concerning Greece as we have seen two important milestones, the austerity package and the issuance of the 10 year bond, which alleviate funding concerns to some extent.". Tweet this 

Shares in Pekao were among a handful of bluechip gainers on east European markets in late morning trade, rising 0.9 percent compared with a 0.3 percent loss of Warsaw's main WIG20 index WIG20. "The costs of risk and operating costs are low," said Marcin Jablczynski, analyst at Deutsche Bank in Warsaw. "The question remains how long you can keep costs under control, because I think the result was not strongly supported by the income side." Pekao, controlled by Italy's UniCredit ( CRDI.MI ), earned 612 million zlotys ($211 million) in the last three months of 2009, compared with an average forecast of 601 million zlotys in a Reuters poll of analysts. The bank was one of the more conservative lenders in Poland, but the economic slowdown has still weighed on its clients and their ability to repay loans. It took 138 million zlotys in provisions, while analysts had forecast 172 million. Net interest income fell 11 percent as the bank also suffered from a prolonged fight among Polish lenders for customer deposits as interest rates moved to all time lows 
Share:  <span class="sent">Shares in <span class="company">Pekao</span> were among a handful of bluechip gainers on east European markets in late morning trade, rising 0.9 percent compared with a 0.3 percent loss of Warsaw's main WIG20 index WIG20. "The costs of risk and operating costs are low," said <span class="analyst">Marcin Jablczynski</span>, analyst at Deutsche Bank in Warsaw.</span> "The question remains how long you can keep costs under control, because I think the result was not strongly supported by the income side." <span class="company">Pekao</span>, controlled by Italy's UniCredit ( CRDI.MI ), earned 612 million zlotys ($211 million) in the last three months of 2009, compared with an average forecast of 601 million zlotys in a Reuters poll of analysts. The bank was one of the more conservative lenders in Poland, but the economic slowdown has still weighed on its clients and their ability to repay loans. It took 138 million zlotys in provisions, while analysts had forecast 172 million. Net interest income fell 11 percent as the bank also suffered from a prolonged fight among Polish lenders for customer deposits as interest rates moved to all time lows....<span class="sent">Shares in <span class="company">Pekao</span> were among a handful of bluechip gainers on east European markets in late morning trade, rising 0.9 percent compared with a 0.3 percent loss of Warsaw's main WIG20 index WIG20. "The costs of risk and operating costs are low," said <span class="analyst">Marcin Jablczynski</span>, analyst at Deutsche Bank in Warsaw.</span> "The question remains how l Tweet this