STOCKS NEWS EUROPE-AMG shares sink after Q3 results

Shares in Advanced Metallurgical Group (AMG.AS) are the second-biggest decliners on the Amsterdam stock exchange after reporting a bigger-than-expected third-quarter loss.

"The rapidly declining order book in Engineering Systems does not bode well for the fourth quarter and 2010," Petercam analyst Luuk van Beek says, refering to the unit which has generated the vast majority of core profit so far this year.

AMG shares are down 8.5 percent at 9 euros by 0941 GMT after losing as much as 16.6 percent earlier. For more double click on [ID:nL9557746]

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