stocks news europe 2-vodafone's japan woes deepen STOCKS NEWS...

stocks news europe 2-vodafone's japan woes deepen STOCKS NEWS EUROPE 2-Vodafone's Japan woes deepen
January 11, 2005 4:33am ET (Reuters)

STOCKS NEWS Reuters Results diary

Stocks on the move [HOT-RTRS] Real-time Equity News[E] [WEU/EQUITY]

09:27GMT 11Jan2005-Vodafone's Japan woes deepen on Dec. subscriber gains

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LONDON - Vodafone shares dipped 0.7 percent as the mobile phone giant's problems in Japan deepened. An industry report showed Vodafone KK added a net 900 new subscribers in December, in contrast to the 247,500 net additions for market leader DoCoMo.

"Miserly net adds of just 900 in December illustrate that Vodafone's position in Japan continues to be in retreat. This is a big deal given the business represents around 25 percent of group revenues," said Mark James, analyst at Nomura. He repeated his "sell" rating on its shares.

Reuters Messaging: [email protected]

08:39GMT 11Jan2005-European shares open steady; STM, Roche dip

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LONDON - The FTSEurofirst 300 index opens flat after the main U.S. fourth quarter earnings season got off to a lacklustre start overnight while chip maker STMicroelectronics falls after warning on margins.

Swiss healthcare company Roche was down 1.7 percent after U.S. unit Genetech reported weaker-than-expected sales of its key colon cancer drug.

For a more detailed report on European stocks, please click on [.EU]

Reuters messaging rm://[email protected]

06:45GMT 11Jan2005 - Shares seen slipping on renewed dollar weakness

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LONDON - Financial bookmakers the FTSE 100 , the CAC and the DAX opening between flat and down 11 points as the dollar slipped and after drab results news from Genentech , AMD and Alcoa .

An after-hours dollar-related warning on profit margins from STMicroelectronics will also weigh.

06:42 GMT 11Jan2005-Tuesday's corporate and economic events

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LONDON - A big day of corporate reporting is on the cards with Carrefour reporting Q4 sales [ID:nL05325137] while Karstadtquelle and WM Morrison give trading updates.

Traffic updates are due from Lufthansa , Swiss and SAS . Intel posts Q4 earnings after the market closes.

On the economic front, the German ZEW index for January is due at 1000 GMT [ID:nL10444844] followed by industrial production data at 1100 GMT from Europe's biggest economy.

After the Wall Street close Alcoa said fourth quarter net profit slipped because of higher energy costs, a weaker dollar and a charge it took for selling some of its businesses.

Reuters messaging rm://[email protected] of Story


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January 11, 2005
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4:00am ET DIARY - Today in U.S. Equities - Jan 11
3:52am ET UPDATE 3-STMicro sees weaker Q4 margin on falling dollar
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