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Air France-KLM, Benetton, Carrefour: European Equity Preview

By Nadja Brandt

July 9 (Bloomberg) -- The following companies may have unusual price changes in European trading. Stock symbols are in parentheses, and share prices are from the previous close.

The Dow Jones Stoxx 600 climbed 1.8 percent to 283.90. The Dow Jones Stoxx 50 Index added 1.7 percent to 2,885.71. The Euro Stoxx 50 Index, a benchmark for the nations using the euro, advanced 1.7 percent to 3,342.48.

Aicon SpA (AIC IM): The luxury yacht maker announces fiscal third-quarter results. The company's stock gained 2 cents, or 2.9 percent, to 61 cents.

Air France-KLM Group (AF FP): Europe's largest airline holds its annual shareholders' meeting in Paris. The shares gained 26 cents, or 1.7 percent, to 15.48 euros.

Benetton SpA (BEN IM): Italy's biggest clothing maker said first-half sales rose 5 percent from 2007. The stock rose 10 cents, or 1.4 percent, to 7.09 euros.

Carrefour SA (CA FP): Europe's biggest retailer said second- quarter sales growth slowed as consumer spending dwindled in its domestic French market. The shares added 81 cents, or 2.4 percent, to 34.45 euros.

Dexia SA (DEXB BB): Standard & Poor's lowered its outlook for the credit ratings of Dexia's main units to ``negative'' from ``stable,'' citing the risk of more mortgage-related losses at its U.S. bond insurance unit Financial Security Assurance Inc.

Separately, Dexia's joint venture with Royal Bank of Canada won a contract to take over accounting services for the 160 funds managed by Dutch insurer Aegon NV's (AGN NA) Canadian unit. Dexia rallied 57 cents, or 6.4 percent, to 9.43 euros.

DnB NOR ASA (DNBNOR NO): Norway's biggest bank may say second-quarter net income dropped 13 percent to 2.88 billion kroner ($560 million),the median estimate of 10 analysts surveyed by Bloomberg. DnB increased 3.9 percent to 62.1 kroner.

Fielmann AG (FIE GY): Europe's largest chain of optical stores intends to hold its annual shareholders meeting. The shares fell 1.31 euros, or 2.7 percent, to 48.04 euros.

InBev NV (INB BB): Anheuser-Busch Cos. (BUD US) said it will ask shareholders to reject the Belgian brewer's plan to replace its 13 directors. InBev gained 76 cents, or 1.8 percent, to 41.85 euros.

Suedzucker AG (SZU GY): The world's biggest sugar processor plans to release first-quarter results. The company in May said it returned to profit in its last fiscal year after a writedown on a French business wasn't repeated. The shares slipped 2 cents, or 0.2 percent, to 11.28 euros.

Unique Zurich Airport AG (UZAN SW): The operator of Switzerland's busiest airport is due to report June traffic figures. The shares fell 1 franc, or 0.3 percent, to 377 francs.

To contact the reporter on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net

Last Updated: July 9, 2008 20:14 EDT