Sanofi-Aventis, SBM Offshore, Teleperformance SA: European Equity Preview
Stock Chart for SBM Offshore NV (SBMO)
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 1.1 percent to 258.47. The Stoxx 50 Index gained 0.7 percent to 2,518.49. The Euro Stoxx 50 Index, a benchmark for nations using the euro, advanced 1.5 percent to 2,737.69.
Ackermans & van Haaren NV (ACKB BB), Cie. d’Entreprises CFE SA (CFEB BB): Dredging Environmental & Marine Engineering NV, the dredging company co-owned by Ackermans and CFE, said one of its units was awarded a contract by Angola LNG Ltd. DEME is sharing the 155 million-euro ($200 million) contract with Royal Boskalis Westminster NV (BOKA NA). Ackermans gained 1.3 percent to 54.22 euros. CFE climbed 3.3 percent to 39.71 euros.
Sanofi-Aventis SA (SAN FP): A federal judge in Washington took under advisement a request by the Paris-based drugmaker to bar U.S. regulators from allowing sales of the generic version of its Lovenox blood thinner. The shares rose 1 percent to 45.18 euros.
SBM Offshore NV (SBMO NA): The world’s largest supplier of floating oil production platforms may report first-half profit excluding some items of $99.7 million, according to the average of seven analyst estimates compiled by Bloomberg. SBM Offshore advanced 1 percent to 12.60 euros.
Teleperformance SA (RCF FP): The world’s largest operator of call centers bought 100 percent of Scotland-based beCogent for an undisclosed sum. The shares gained 2.7 percent to 18.78 euros.
Valeo SA (FR FP): Pardus Capital Management said its representative Behdad Alizadeh has resigned from the board of France’s second-largest auto-parts maker. Pardus remains “a committed Valeo shareholder, determined to maximize shareholder value,” it said in an e-mailed statement. The shares added 4.5 percent to 28.26 euros.
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