Bayer, Ciments, Cookson, Serica, Total: 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 rose less than 0.1 percent to 262.17. The Stoxx 50 Index increased 0.1 percent to 2,544.74. The Euro Stoxx 50 Index (SX5E), a benchmark for nations using the euro, gained 0.2 percent to 2,839.51.

A.S.T. Groupe (ASP FP): The French builder said first-half revenue fell to 40.8 million euros from 43.4 million euros a year earlier. The shares rose 1.7 percent to 3.65 euros.

BioAlliance Pharma SA (BIO) : The biopharmaceutical company said Gilles Avenard resigned as deputy chief executive officer. The board named Pierre Attali as chief operating officer. The shares closed unchanged at 5.65 euros.

Bayer AG (BAYN) : Leverkusen, Germany-based Bayer said a late-stage clinical trial showed its Xarelto drug was as effective as the standard therapy in preventing blood clots in the lungs and legs. The shares rose 1.3 percent to 46.57 euros.

Ciments Vicat (VCT) : The concrete maker said net profit rose to 95 million euros in the first half from 89 million euros a year earlier. The shares fell 0.6 percent to 51.43 euros.

Cookson Group Plc (CKSN LN): The world’s biggest maker of ceramic linings for metal smelters was raised to “buy” from “neutral” at Arbuthnot Securities. The shares fell 5.4 percent to 453 pence.

Promotora de Informaciones SA (PRS SM): The owner of El Pais newspaper revised the terms of its deal to sell a stake to Liberty Acquisition Holdings Corp. The shares rose 6.1 percent to 2.43 euros.

Serica Energy Plc (SQZ) : The U.K. oil and gas explorer was cut to “hold” from “buy” at Canaccord Genuity Corp. The shares fell 2 percent to 73 pence.

Telecom Italia SpA (TIT) : Italy’s biggest phone company and labor unions reached an agreement on cutting 3,900 workers on a voluntary basis through December 2012, according to a Telecom e-mailed statement. The company is expected to release first-half results before 4 p.m. tomorrow, when a conference call is scheduled. The shares gained 1.8 percent to 1.05 euros.

Total SA (FP) : Total SA’s bid to acquire OMV AG’s chain of gas stations in eastern Germany is lawful, a German court said today, rejecting an earlier veto of the deal over antitrust concerns. The shares rose 0.9 percent to 40.25 euros.

UniCredit SpA (UCG) : Italy’s biggest bank plans to eliminate 4,700 jobs in 2011-2013 as part of a reorganization of its Italian business, according to unions. The bank informed unions that the staff reductions are part of a plan approved yesterday to merge seven Italian units into the bank’s main holding company. Shares fell 2.8 percent, the most in a month, to 2.12 euros.

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

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

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