By Dune Lawrence
Oct. 27 (Bloomberg) -- The following stocks may rise or fall in European markets. Prices are from yesterday's close. Stock symbols are in parentheses.
The Dow Jones Stoxx 600 Index rose 0.4 percent to 286.91. The Stoxx 50 climbed 15.55, or 0.5 percent, to 3165.29 and the Euro Stoxx 50, a benchmark for the 12 nations using the euro, advanced 11.75, or 0.4 percent, to 3304.27.
Aem SpA (AEM IM): Italy's biggest municipal utility and Electricite de France SA won 93 percent of Edison SpA's (EDN IM) traded stock at the end of a 3.24-billion euro ($3.9 billion) mandatory bid, sealing control of the power company. Investors in Edison tendered 1.22 billion shares to the joint offer, the Italian Exchange said in a filing. They offered 371 million warrants, or 40 percent of those securities.
Aem slid 3.3 cents, or 2 percent, to 1.625. Edison, Italy's second-biggest electricity producer, lost 12 cents, or 6.5 percent, to 1.73.
Antena 3 Television SA (A3TV SM): Spain's second-largest commercial television station will probably say nine-month profit reached 147 million euros ($177 million) on higher advertising revenue, according to a survey of analysts. The shares rose 8 cents, or 0.5 percent, to 15 euros.
Banco Bilbao Vizcaya Argentaria SA (BBVA SM): Spain's second-largest lender will probably say third-quarter net income rose to 913 million euros ($1.1 billion) from 674 million euros a year earlier, according to the median analyst estimate. The stock added 8 cents, or 0.6 percent, to 14.56 euros.
Banco Comercial Portugues SA (BCP PL): Portugal's biggest publicly traded bank and Erste Bank der Oesterreichischen Sparkassen AG (EBS AV), Austria's No. 2 lender, made the top two offers for Romania's Banca Comerciala Romana SA, the government said. Banco Comercial and Erste beat cash offers from five other banks, Romania's asset-selling agency said in a statement. No details of the size of the offers were given. Banco Comercial dropped 4 cents, or 1.8 percent, to 2.21 euros. Erste rose 26 cents, or 0.6 percent, to 41.15 euros.
DnB NOR ASA (DNBNOR NO): Norway's biggest bank will probably say pretax profit rose 5.6 percent to 2.81 billion kroner ($429 million) in the third quarter from a year earlier as income from fees and commissions increased, according to the median estimate of analysts surveyed by TDN Finans. DnB NOR slipped 0.5 krone, or 0.8 percent, to 66 kroner.
DSM NV (DSM NA): The world's No. 1 maker of drug ingredients will probably say third-quarter net income increased 23 percent to 149 million euros, according to the median estimate of analysts surveyed by Bloomberg News. The company also said it will pay $164 million to increase its stake in China's NCPC Group Co. as it seeks to expand its vitamins and chemicals business in that country. DSM rose 47 cents, or 1.6 percent, to 30.09 euros.
Elisa Oyj (ELI1V FH): Finland's second-largest phone company will probably say third-quarter net income shrank 42 percent to 22 million euros ($26.5 million) from a year earlier as increasing competition weighed on call prices, according to the median estimate of analysts polled by Bloomberg. Elisa rose 6 cents, or 0.4 percent, to 14.26 euros.
Gestevision Telecinco SA (TL5 SM): Spain's largest commercial television station said nine-month profit soared to 212.6 million euros ($257 million) from 139.8 million euros a year earlier, boosted by higher advertising spending. Net income was expected to reach 207 million euros, the median estimate of analysts surveyed by Bloomberg News. The stock added 1 cent, or 0.1 percent, to 16.83 euros.
GlaxoSmithKline Plc (GSK LN): The world's second-biggest drugmaker and Merck & Co. (MRK US) won a U.S. advisory group's recommendation encouraging the wider use of their hepatitis A vaccines in children. Glaxo shares fell 6 pence, or 0.4 percent, to 1,395.
Holmen AB (HOLMB SS): Sweden's biggest newsprint maker may say third-quarter net income slipped to 314 million kronor ($39.9 million) from 362 million kronor a year earlier, according to the average estimate of analysts surveyed by SME Direkt. Holmen shares were unchanged at 232 kronor.
Julius Baer Holding AG (BAER VX): Switzerland's largest publicly traded private bank is dropping its institutional equity sales business to focus on managing money. The decision follows an announcement last month that Baer will buy three private banks and GAM, an asset management company specializing in investing in hedge funds, from Zurich-based UBS AG. The stock added 1.05 francs, or 1.1 percent, to 98.7.
Luxottica Group SpA (LUX IM): The world's biggest maker of eyewear reports third-quarter results. It may say third-quarter profit increased 5.2 percent to 81 million euros ($106 million) from a year earlier, according to the median estimate of analysts surveyed by Bloomberg News. Sales probably advanced 43 percent to 1.03 billion euros, the analysts said. The stock gained 1 cent, or less than 0.1 percent, to 20.14 euros.
Metro AG (MEO GY): The retailer's supervisory board will meet to decide what to do with its Praktiker home-improvement unit, Reuters said, citing unidentified board members. The shares dropped 13 cents, or 0.3 percent, to 38.44 euros.
Mobistar SA (MOBB BB): Belgium's No. 2 mobile-phone company said nine-month revenue rose to 1.07 billion euros from 988 million euros. The company said it had 5.2 percent more customers at the end of September than a year earlier and confirmed its full-year earnings forecasts. Mobistar rose 30 cents, or 0.5 percent, to 66.35 euros.
Novo Nordisk A/S (NOVOB DC): The world's largest maker of insulin may say that third-quarter net income increased 15 percent from a year earlier, boosted by demand for its hemophilia medicine NovoSeven and more effective insulins. Net income probably rose to 1.48 billion Danish kroner ($240 million) from 1.29 billion kroner a year earlier, according to the median estimate of analysts surveyed by RB-Boersen. Novo Nordisk shares fell 1.5 kroner, or 0.5 percent, to 305.5 kronor.
Royal Dutch Shell Plc (RDSA NA): Europe's second largest oil company is scheduled to report third quarter earnings before the market opens, two days after larger rival BP Plc said net income in the period gained 16 percent to $4.41 billion as record energy prices more than compensated for losses at hurricane damaged rigs and refineries. Shell shares gained 32 cents, or 1.3 percent, to 24.95 euros.
Stora Enso Oyj (STERV FH): The world's largest papermaker may say third-quarter net income fell 31 percent to 94.3 million euros from a year ago, a SME Direkt survey of analysts showed. Stora shares rose 3 cents, or 0.3 percent, to 10.65 euros.
Swedbank AB (FSPAA SS): The No. 5 Nordic bank by assets will probably say third-quarter operating profit jumped 61 percent to 4.16 billion kronor on the sale of its Swedish debt collection company, according to the median estimate of analysts surveyed by SME Direkt. Swedbank in July said it will have a third-quarter gain of at least 1.4 billion kronor from the sale of Kundinkasso AB KIAB. Swedbank shares rose 2.5 kronor, or 1.4 percent, to 187 kronor.
Telenor ASA (TEL NO): Norway's largest phone company will probably say third-quarter net income rose 12 percent to 1.88 billion kroner from a year earlier because of higher demand in countries such as Ukraine and Bangladesh, a survey of analysts by TDN Finans showed. Telenor shares rose 1 krone, or 1.7 percent, to 58.75 kroner.
Vedior NV (VEDR NA): The largest Dutch temporary staffing company will probably say third-quarter net income rose 4.1 percent to 40.6 million euros, according to the median estimate of analysts surveyed by Bloomberg. Vedior fell 3 cents, or 0.3 percent, to 11.37 euros.
Volkswagen AG (VOW GY): Europe's largest carmaker may sell its Gedas AG information-technology services unit and has ``several'' offers from potential buyers, Financial Times Deutschland said, citing unidentified people close to the matter. The shares climbed 94 cents, or 2.1 percent, to 46.74 euros.
To contact the reporter on this story: Dune Lawrence in New York at dlawrence6@bloomberg.net.
Last Updated: October 26, 2005 19:00 EDT
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