European Stocks Fall, Led by IKB, UBS, Commerzbank; ICI Gains on New Bid

(Bloomberg) -- European stocks fell for a fifth day,
led by financial-services companies after IKB Deutsche
Industriebank AG of Germany said profit will be ``significantly''
lower than forecast, hit by the U.S. subprime mortgage rout.

IKB tumbled 20 percent. UBS AG, the biggest money manager,
and 3i Group Plc, Europe's largest publicly traded buyout and
venture-capital firm, led declines by financial companies.
Commerzbank AG slid after saying it expects to make provisions
for losses tied to the U.S. subprime mortgage market.


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Germany's DAX Index Slides, Led by BMW, Commerzbank; Premiere Shares Jump

(Bloomberg) -- Germany's benchmark DAX Index fell after yesterday touching its highest since September 2000. Bayerische Motoren Werke AG and Commerzbank AG led the decline.

Premiere AG jumped the most in two months after Deutsche Bank AG raised its recommendation on the shares.


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