By Mary Childs
Nov. 9 (Bloomberg) -- The following companies may be active in European trading. Stock symbols are in parentheses and share prices are from the last close.
Europe’s Dow Jones Stoxx 600 added 0.2 percent to 241.06, and the Dow Jones Stoxx 50 Index climbed 0.2 percent to 2,439.12. The Euro Stoxx 50 Index, a benchmark for nations using the euro, increased less than 0.1 percent to 2,794.25.
Adecco SA (ADEN VX): The world’s largest supplier of temporary workers expects European demand for health-care and pharmaceutical employees to outgrow that for industrial staff, NZZ am Sonntag said, citing Chief Executive Officer Patrick de Maeseneire in an interview. The shares gained 30 centimes, or 0.6 percent, to 49.78 Swiss francs.
Allianz SE (ALV GY): Europe’s biggest insurer may say third-quarter profit more than doubled as investment income rebounded, according to the median estimate of 18 analysts surveyed by Bloomberg. The stock rose 54 cents, or 0.7 percent, to 79.31 euros.
Banca Carige SpA (CRG IM): The Italian lender reports third-quarter earnings. The average analyst estimate in a Bloomberg News survey is 9.5 cents a share. The shares added 2 cents, or 1 percent, to 1.94 euro.
British Airway’s Plc (BAY LN): Europe’s third-biggest carrier said the Unite union formally notified the company of plans to hold a strike vote for cabin crew, which could lead to the first walkout in more than a decade. Short-selling of shares in British Airways increased, the Independent on Sunday reported, citing research from Data Explorers.
The stock rose 12.5 pence, or 6.7 percent, to 198.8 pence.
BP Plc (BP/ LN): Europe’s second-largest oil company will post a loss this year at its German oil refinery operations because of overcapacity, Financial Times Deutschland reported.
Egypt signed oil exploration accords with BP Plc and Ras Al Khaimah Gas, Mena, the state-run Middle East News Agency reported, citing a statement from the Oil Ministry. BP planned to resume operations at a cracking unit at its Texas City, Texas, refinery, the third-largest in the continental U.S, on Nov. 7. BP shares declined 3.2 pence, or 0.6 percent, to 583.90 pence.
Cadbury Plc (CBRY LN): Kraft Foods Inc., the world’s second-largest food maker, may have to increase its 9.8 billion- pound ($16 billion) bid for confectioner Cadbury Plc by today’s deadline to keep its takeover attempt alive, investors said. U.K. regulators set a Nov. 9 deadline for Kraft to make a formal offer or walk away for six months.
Cadbury Chairman Roger Carr has met most of the company’s 50 largest shareholders to persuade them to back the confectioner’s defense against the takeover offer, the London- based Sunday Telegraph reported, citing people familiar with the matter. Cadbury shares declined 4 pence, or 0.5 percent, to 758 pence.
Deutsche Post AG (DPW GY): Chief Executive Officer Frank Appel is seeking permission from German regulators to raise stamp prices for the first time in 12 years to compensate for declining postal sales, Wirtschaftswoche reported. The stock rose 13 cents, or 1.1 percent, to 11.93 euros.
Eni SpA (ENI IM): Italy’s biggest oil producer is considering a sale of its TAG pipeline, which brings gas from Russia through Austria to Italy, to settle a disagreement with European Union regulators, Reuters said, citing two unidentified sources. The shares fell 2 cents, or 0.1 percent, to 17.21 euros.
European Aeronautic Defence and Space Co. (EAD FP): EADS unit Airbus SAS, which has surpassed Boeing Co. in deliveries every year since taking the top spot in 2003, is just five planes ahead of its U.S. competitor with two months left in the year. Airbus, based in Toulouse, France, said it shipped 399 planes through October. Chicago-based Boeing’s Web-site update showed it delivered 394 aircraft in the first 10 months. The shares rose 8 cents, or 0.6 percent, to 13.34 euros.
Finnair Oyj (FIA1S FH): Finland’s largest airline will report October traffic figures in Helsinki. The shares rose 2.4 percent to 3.80 euros.
Fondiaria - Sai S.p.A. (FSA IM): Italy’s second-largest insurer reports third-quarter results. The shares rose 9 cents, or 0.7 percent, to 12.57 euros.
Puma AG (PUM GY): The German sporting-goods maker reports third-quarter earnings. The company’s revenue in the quarter fell 9.8 percent to 673.4 million euros ($1 billion), parent company PPR SA said last month. Puma gained 71 cents, or 0.3 percent, to 223 euros.
Renault SA (RNO FP): Nissan Motor Co., Japan’s third- biggest automaker, said the second phase of its Chennai factory in southern India will remain suspended until the automobile industry recovers. The first phase will begin operations in early 2010, Chief Executive Officer Carlos Ghosn said in New Delhi. Nissan is building the plant in partnership with Renault. The shares fell 36 cents, or 1.1 percent, to 31.63 euros.
Repsol YPF SA (REP SM): Antonio Brufau, chairman of Spain’s largest oil company, suggested its dividend may be cut by 20 percent, a proposal that was rejected by Sacyr Vallehermoso SA (SYV SM), Repsol’s biggest shareholder, El Mundo newspaper reported. The shares closed unchanged at 18.50 euros.
Royal KPN NV (KPN NA): The largest Dutch phone company may merge its Belgian business-services division with rivals to compete with Belgacom SA, Het Financieele Dagblad said. KPN declined to comment. KPN dropped 6.5 cents, or 0.5 percent, to 12.125 euros.
Sanofi-Aventis SA (SAN FP): Wayne Pisano, head of Sanofi- Aventis’s vaccines unit, told CNBC the company has delivered 17 million doses of swine-flu vaccine and is on target to produce 75 million doses by the end of the year. The shares retreated 74 cents, or 1.5 percent, to 49.03 euros.
Societe Generale SA (GLE FP): France’s second-largest bank by market value last week repaid the 3.4 billion euros of state aid it received in the financial crisis, according to the national market regulator. The shares rose 97 cents, or 2.1 percent, to 46.91 euros.
Tandberg ASA (TAA NO): Cisco Systems Inc.’s 153.5 kroner a share ($26.97) offer for the Norwegian videoconferencing maker will expire at 5:30 p.m. CET. The shares were unchanged at 152 kroner.
Telecom Italia SpA (TIT IM): Italy’s biggest telephone company announced a series of management changes after Stefano Pileri, the chief of technology and operations, resigned, according to a release distributed by the stock exchange. The shares declined 2 cents, or 2.1 percent, to 1.12 euros.
Telefonica SA (TEF SM): The Spanish phone company and Vivendi SA expect a Brazilian regulator to vote on their requests to take over GVT Holding SA within days, the Wall Street Journal said, citing unidentified people close to the companies. The shares fell 4 cents, or 0.2 percent, to 19.155 euros.
Zenitel NV (ZENT BB): The Belgian maker of secure- communication systems will give a third-quarter trading update after the close of trading. Zenitel rose 5 cents, or 10 percent, to 55 cents.
Zurich Financial Services AG (ZURN VX): Switzerland’s biggest insurer may buy back shares after paying investors an “attractive” dividend next year, Chief Financial Officer Dieter Wemmer told Finanz und Wirtschaft in an interview. The shares fell 4.2 francs, or 1.8 percent, to 224.3 francs.
To contact the reporter on this story: Mary Childs in New York at mchilds4@bloomberg.net
Last Updated: November 8, 2009 23:23 EST
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