Econocom, Lufthansa, Pirelli, Solvay, Volkswagen: European 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 0.4 percent to 257.21. The Stoxx 50 Index lost 0.1 percent to 2,497.93. The Euro Stoxx 50 Index, a benchmark for nations using the euro, declined 0.1 percent to 2,766.11.

Akka Technologies SA (AKA FP): The engineering consulting company said first-half revenue rose to 197.5 million euros from 164.9 million euros. The shares rose 2.3 percent to 13.61 euros.

Banco Comercial Portugues SA (BCP PL): The Portuguese lender said first-half net income increased to 163.2 million euros from 147.5 a year earlier. The stock rose 1.2 percent to close at 69.3 cents before the earnings announcement.

Dana Petroleum Plc (DNX LN): Chief Executive Officer Thomas Cross hasn’t persuaded shareholders to wait for an offer better than the 1,800-pence-a-share proposed by Korea National Oil Corp., the Wall Street Journal reported, citing people familiar with the matter. The shares rose 0.5 percent to 1,716 pence.

Deutsche Lufthansa AG (LHA GY): Europe’s second-biggest airline tripled its quarterly operating profit, beating analysts’ estimates, on a recovery in demand for travel and freight transport. The shares rose 1.6 percent to 12.80 euros.

Econocom Group SA (ECONB BB): The computer-services company that plans to buy Societe Generale SA’s (GLE FP) ECS unit said first-half earnings before interest, tax and one-time items rose 16 percent to 10.7 million euros. The shares retreated 0.8 percent to 11.20 euros.

Electricite de France SA (EDF FP): The energy company may boost its stake in Areva SA to as much as 7 percent through the nuclear-reactor maker’s planned share sale this year, a government official with knowledge of the matter said. The shares rose 0.7 percent to 32.45 euros.

Finmeccanica SpA (FNC IM): Italy’s biggest defense company said first-half net income fell to 170 million euros from 218 million euros a year earlier. The company also said it proposed extending existing credit lines with banks to 2015 from 2012. The shares gained 0.2 percent to 8.80 euros.

Gestevision Telecinco SA (TL5 SM): Spain’s largest commercial television station said first-half profit rose to 107.4 million euros from 62.2 million euros a year earlier. The shares rose 1.3 percent to 9.53 euros.

Infineon Technologies AG (IFX GY): Intel Corp. and Samsung Electronics Co., the world’s two-largest chip companies, may compete to acquire Infineon’s mobile-phone business, according to a research report by Citigroup. The shares advanced 2.6 percent to 5.18 euros.

Mediaset SpA (MS IM): The broadcaster’s Spanish unit, Gestevision Telecinco SA, said first-half profit rose to 107.4 million euros from 62.2 million euros a year earlier, boosted by higher ad prices. The shares fell 0.3 percent to 5.04 euros.

Volkswagen AG (VOW GY): The Chinese unit of Europe’s largest carmaker plans to buy parts exclusively in China as it develops and produces more components such as electric-drive systems locally, Financial Times Deutschland reported, citing Winfried Vahland, president and chief executive officer of Volkswagen China. The shares declined 0.6 percent to 72.61 euros.

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

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