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Ansaldo, Deceuninck, Henkel, Iberdrola, Minerva: Europe Equity Preview

The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses and prices are from the last close.

The Stoxx Europe 600 Index fell less than 0.1 percent to 255.92. The Stoxx 50 Index declined less than 0.1 percent to 2,486.34. The Euro Stoxx 50 Index, a benchmark for nations using the euro, advanced 0.1 percent to 2,738.96.

Adolfo Dominguez SA (ADZ SM): The Spanish fashion designer’s first-quarter loss widened to 1.66 million euros from a 1.47 million-euro loss a year earlier, according to a regulatory filing. The stock retreated 3.1 percent to 10.55 euros.

Ansaldo STS SpA (STS IM): Centrobanca initiated coverage of shares of Finmeccanica SpA’s railway-technology unit with a “buy” recommendation. The stock dropped 0.2 percent to 11.65 euros.

Banca Monte dei Paschi di Siena SpA (BMPS IM): The Siena, Italy-based lender may likely pass European stress tests, Credit Suisse Group AG said in a research note. The Swiss brokerage had said in a previous note published July 8 that the Italian lender may be among banks that may need to raise capital. The stock declined 0.6 percent to 97.8 euro cents.

BE Semiconductor Industries NV (BESI NA): The third-largest Dutch maker of chip-production equipment said second-quarter sales rose 56 percent to 89 million euros ($114 million), based on preliminary figures. The value of outstanding orders rose to 136 million euros on June 30 from 92 million euros at the end of March. BE Semiconductor advanced 1.5 percent to 3.88 euros.

Conergy AG (CGY GY): U.S. financial investor York Capital intends to acquire a “significant” stake in the solar company, Handelsblatt said, citing unidentified people in the financial industry. The shares slipped 2.4 percent to 74.5 euro cents.

Deceuninck NV (DECB BB): Europe’s third-biggest producer of plastic window frames reports second-quarter sales figures before the start of trading. Deceuninck increased 0.6 percent to 1.81 euros.

EDP Renovaveis SA (EDPR PL): The renewable-energy unit of Portuguese utility EDP-Energias de Portugal SA (EDP PL) said electricity production in the first half rose 32 percent from a year earlier. Renovaveis rose 0.7 percent to 5.05 euros, while EDP climbed 0.7 percent to 2.50 euros.

EnBW Energie Baden-Wuerttemberg AG (EBK GY): The energy company dropped out of the bidding process to acquire parts of Evonik Industries AG’s Steag unit, the Financial Times Deutschland reported. The shares rose 2 percent to 37.33 euros.

Evotec AG (EVT GY): The biotechnology company said it signed an agreement to acquire DeveloGen, a biopharmaceutical company. The shares fell 0.3 percent to 2.01 euros.

Henkel AG (HEN3 GY): The maker of Persil detergent plans to sell a construction chemicals plant in the German city of Unna and is in talks with strategic investors, Westdeutsche Allgemeine Zeitung said, citing an unidentified company spokeswoman. The shares advanced 1.6 percent to 38.93 euros.

Iberdrola SA (IBE SM): Spain’s largest utility may be active after Moody’s Investors Service said the Spanish government’s review of the electricity industry increases regulatory risk for the country’s power companies. The shares rose 0.1 percent to 5.23 euros.

Minerva Plc (MNR LN): The developer of the most office space in London’s main financial district rejected a proposal by Nathan Kirsh’s KiFin Ltd., its largest investor, to replace Chief Executive Officer Salmaan Hasan and Chairman Oliver Whitehead. The shares declined 1.7 percent to 102.25 pence.

Telecom Italia SpA (TIT IM): Italy’s largest phone company suspended planned job cuts as part of negotiations with labor unions which will last 15 days, Chief Executive Officer Franco Bernabe told reporters in Rome. The government is “available” to find a solution for the planned cuts, he said. The shares declined 0.5 percent to 96.85 euro cents.

To contact the reporter on this story: Nikolaj Gammeltoft in New York at ngammeltoft@bloomberg.net.

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