Areva, France Telecom, Iberia, Lloyds, Sage, TNT: 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 255.35. The Stoxx 50 Index lost 0.4 percent to 2,476.2. The Euro Stoxx 50 Index, a benchmark for nations using the euro, declined 0.4 percent to 2,742.14.
Acciona SA (ANA SM): Spain’s second-biggest wind power producer said its construction division will miss out on sales of 817 million euros ($1.1 billion) because of cuts to government infrastructure spending. The shares lost 3.8 percent to 67.64 euros.
Allied Irish Banks Plc (ALBK ID): Ireland’s second-biggest lender by market value may cut as many as 2,000 jobs later this year, the Sunday Tribune said, without citing anyone. The stock remained unchanged at 0.939 Euros.
Areva SA (CEI FP): The world’s biggest maker of nuclear reactors said it expects to report a full-year operating loss after booking provisions for mining assets and construction delays at atomic plants. The non-voting investment certificates rose 4.2 percent to 364.80 euros.
Aviva Plc (AV/ LN): The U.K.’s second-biggest insurer and Legal & General Group Plc are expected to raise their dividend payments this week when presenting their first-half earnings as the economy recovers, the Sunday Telegraph reported, citing analysts. Aviva’s stock declined 2.3 percent to 357.4 pence and Legal & General’s declined 2.8 percent to 89.55 pence.
BP Plc (BP/ LN): The oil company wants to sell its German gas station unit Aral to finance expenses related to the Gulf of Mexico disaster, Wirtschaftswoche said, citing unidentified bankers involved in the sale. The stock fell 1.8 percent to 405.95 pence.
Dana Petroleum Plc (DNX LN): The U.K. oil and gas explorer’s board may agree to shareholder demands that it begin talks with Korea National Oil Corp. about a 1.7-billion pound ($2.7 billion) buyout offer from the South Korean company, the Sunday Telegraph reported. The shares climbed less than 0.1 percent to 1,711 pence.
Eurazeo SA (RF FP): France’s largest publicly traded private equity firm said it’s in exclusive talks to sell B&B Hotels, the budget chain it bought five years ago, to Carlyle Group. The shares fell 0.6 percent to 48.885 euros.
France Telecom SA (FTE FP): Meditel, a Moroccan mobile network operator, is in negotiations to sell a 40 percent stake to France Telecom SA’s Orange unit, Moroccan newspaper Le Matin reported, citing an unidentified person familiar with the matter. France Telecom shares rose 0.4 percent to 16.07 euros.
Groupe Bruxelles Lambert SA (GBLB BB): The Belgian investment firm controlled by billionaires Albert Frere and Paul Desmarais said it spent 110 million euros in the first half to raise its holding in Pernod-Ricard SA (RI FP) to 9.8 percent. GBL fell 0.1 percent to 59.64 euros.
Iberia Lineas Aereas de Espana SA (IBLA SM): Spain’s largest airline may be active after ABC newspaper said air traffic controllers will vote Aug. 3 on strike action, citing union leader Camila Cela. The stock rose 2.3 percent to 2.61 euros.
KBC Groep NV (KBC BB): Slovenia and Croatia reached an agreement that will allow Nova Ljubljanska Banka d.d. to operate in Croatia, Slovenian Prime Minister Borut Pahor said. Belgium’s biggest bank and insurer by market value owns 30.6 percent of NLB, Slovenia’s largest lender with units in most of the former Yugoslavia. KBC fell 4.4 percent to 33.90 euros.
Kuoni Reisen Holding AG (KUNN SW): The largest Swiss travel company plans to sell part of its visa-facilitation unit, VFS Global, through an initial public offering in Mumbai later this year, NZZ am Sonntag said, citing unidentified people familiar with the matter. The shares fell 0.2 percent to 324.25 francs.
Lloyds Banking Group Plc (LLOY LN): The U.K.’s largest mortgage lender expects to report a 1 billion-pound profit ($1.6 billion) for the first half of the year, bolstering Chief Executive Officer Eric Daniels’s position at the bank, the FT reported. The shares climbed 0.5 percent to 69.26 pence.
Prudential Plc (PRU LN): The U.K.’s biggest insurer may raise its dividend payment when the company reports first-half earnings, the Sunday Times reported, citing analysts. The stock declined 1.2 percent to 554.5 pence.
Metro AG (MEO GY): Germany’s largest retailer plans to outsource at least 400 information-technology and accounting jobs to eastern Europe and India to reduce costs, Lebensmittelzeitung reported, citing unidentified people close to the company. The stock gained 2.3 percent to 42.60 euros.
Nexans SA (NEX FP): The world’s biggest maker of cables and wires expects to raise revenue and profitability in the second half of the year, even as the company faces uncertainty about production of underwater cables, Journal des Finances said, citing an interview with Chief Executive Officer Frederic Vincent. The shares rose 0.4 percent to 52.07 euros.
OC Oerlikon Corp. AG (OERL SW): The head of the company’s solar division, Juerg Henz, said Applied Materials Inc.’s exit from the thin-film solar business may slow that market’s growth, Finanz und Wirtschaft reported. Henz added that he doesn’t expect difficulties in financing new thin-film projects. The shares fell 0.9 percent to 4.3 francs.
Pirelli & C SpA (PC IM): Europe’s third-largest tiremaker is increasing investment to add capacity at its plants, Francesco Gori, chief executive officer of the tire unit, was quoted as saying by Milano Finanza. The shares fell 2 percent to 5.37 euros.
Sage Group Plc (SGE LN): The U.K.’s largest software maker pulled out from the 600 million-euro ($783 million) TeamSystem SpA auction, leaving Cinven Ltd. and HgCapital as the only bidders, the Financial Times reported, citing an unidentified person close to Sage. The shares declined 0.4 percent to 238.9 pence.
SGL Carbon SE (SGL GY): The world’s largest maker of carbon and graphite products said revenue from carbon fibers will rise tenfold within the next ten years on rising demand from car and airplane makers, Focus reported, citing an interview with Chief Executive Officer Robert Koehler. The shares rose 0.2 percent to 26.62 euros.
Solaria Energia y Medio Ambiente SA (SLR SM), Abengoa SA (ABG SM): Solar power operators may be active after the Spanish government said it plans to cut subsidies for new photovoltaic plants by as much as 45 percent. Solaria shares lost 1.2 percent to 1.59 euros. Abengoa shares gained 0.6 percent to 20.16 euros.
TNT NV (TNT NA): Europe’s second-biggest express-delivery company may report second-quarter net income of 137.4 million euros, according to the average estimate of seven analysts in a Bloomberg survey. TNT advanced 1.6 percent to 22.90 euros.
Unipol Gruppo Finanziario SpA (UNI IM): The Italian insurer is not discussing a combination with insurers including Mapfre SA and Axa SA, Il Sole 24 Ore said, citing an interview with Chief Executive Officer Carlo Cimbri. The shares closed unchanged at 58 euro cents.
Vinci SA (DG FP): The world’s biggest builder and partners won a contract to build and operate a new airport at Notre-Dame- des-Landes, in western France, the government said in a statement. The shares fell 1.7 percent to 37.15 euros.
To contact the reporter on this story: Nikolaj Gammeltoft in New York at ngammeltoft@bloomberg.net
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