Bourbon, BMW, Floridienne, H&M, UniCredit, Zurich: 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 0.1 percent to 251.31. The Stoxx 50 Index gained 0.1 percent to 2,449.57. The Euro Stoxx 50 Index, a benchmark for nations using the euro, increased 0.2 percent to 2,622.95.

The following companies will be added to the Stoxx Europe 50 Index when markets open on Sept. 20:

Standard Chartered Plc (STAN LN)

Anheuser-Busch InBev NV (ABI BB)

Zurich Financial Services AG (ZURN VX)

Hennes & Mauritz AB (HMB SS)

These stocks will be dropped:

RWE AG (RWE GR)

Iberdrola SA (IBE SM)

ArcelorMittal (MT NA)

Assicurazioni Generali SpA (G IM)

Bayerische Motoren Werke AG (BMW GR) will join the Euro Stoxx 50 Index and AEGON NV (AGN NA) will be deleted from the benchmark.

Actividades de Construccion & Servicios SA (ACS SM): The Spanish builder and CVC Capital Partners Ltd. agreed to hold their stakes in Abertis Infraestructuras SA (ABE SM) for at least three years. ACS shares rose less than 0.1 percent to 32.73 euros while Abertis shares increased 1.7 percent to 13.08 euros.

Banco Popular SA (POP SM): The Spanish lender sold 700 million euros of three-year covered bonds priced to yield 215 basis points more than the benchmark mid-swap rate. The shares fell 0.2 percent to 4.71 euros.

Bourbon SA (GBB FP): The owner of the second-biggest fleet of supply and crew ships for the oil industry said first-half net income fell to 41 million euros from 82.3 million euros because of charges related to the sale of bulk carriers. Bourbon shares fell 1.3 percent to 30.11 euros.

Bouygues SA (EN FP): The construction company that owns France’s third-biggest mobile-phone operator said second-quarter net income fell to 351 million euros from 388 million euros on slumping earnings in its Colas SA road-construction unit. Bouygues shares fell 0.1 percent to 32.035 euros.

Bulgari SpA (BUL IM): The luxury-goods maker was raised to “overweight” from “neutral” with a target price of 7.5 euros a share at HSBC by equity analyst Antoine Belge. The shares rose 1 percent to 5.83 euros.

Cie. Maritime Belge SA (CMB BB): The owner of dry-bulk shipping line Bocimar International NV maintained its interim dividend at 28 cents a share and reported first-half profit of 85.9 million euros, up from a preliminary figure of 85.8 million euros reported on July 22. CMB retreated 0.6 percent to 21.38 euros.

Cie. du Bois Sauvage SA (COMB BB): The investment firm said first-half net income climbed to 15.6 million euros from 2.97 million euros a year earlier. Net asset value rose to 290 euros a share in the six-month period from 269 euros at the end of last year. Bois Sauvage increased 1 percent to 177.50 euros.

Floridienne SA (FLOB BB): The owner of a 43 percent stake in the world’s largest producer of bismuth chemicals reported first-half net income of 8.06 million euros and forecast a “strong” increase in full-year earnings. Floridienne last traded for 113.99 euros on Aug. 30.

GIMV NV (GIMB BB): Belgium’s biggest buyout company said it recorded a gain of 26 cents a share on the sale of its stake in Microtherm Engineered Solutions to a unit of Etex Group NV. GIMV added 0.2 percent to 37.85 euros.

HAL Trust (HAL NA): The owner of HAL Holding NV said the investment firm’s first-half profit rose to 200.2 million euros ($254.1 million) from 132.7 million euros a year earlier. HAL advanced 0.1 percent to 82 euros.

Havas SA (HAV FP): The owner of the Euro RSCG Worldwide advertising agency said first-half net income rose to 49 million euros from 40 million euros a year earlier, helped by higher revenue from North America and after it restructured operations and cut costs last year. The shares rose 0.2 percent to 3.62 euros.

La Seda de Barcelona SA (SED SM): The Spanish maker of plastics said its first-half loss narrowed to 32.3 million euros from a loss of 96.4 million euros a year earlier. The shares fell 4.2 percent to 6.9 euro cents.

Prim SA (PRM SM): Spain’s only publicly traded supplier of medical products said first-half profit rose 25 percent to 5.8 million euros. Sales increased to 50 million euros from 48.9 million euros. The shares fell 0.3 percent to 6.20 euros.

Stef-TFE (STF FP): The transporter of refrigerating goods said first-half net income rose to 11.5 million euros from 6.3 million euros, while sales in the six months through June climbed to 984.6 million euros from 961 million euros. The shares fell 0.9 percent to 39.10 euros.

Sapec SA (SAP BB): The third-largest supplier of crop- protection products on the Iberian Peninsula said its first-half net loss narrowed to 864,000 euros from 3.48 million euros a year earlier. The company also said it plans to complete the sale of two thirds of its 58 percent stake in Grupo Naturener SA before the end of the year. Sapec advanced 1.5 percent to 56.50 euros.

UniCredit SpA (UCG IM): Italy’s biggest bank sold 1.25 billion euros of five-year covered bonds, according to a statement. The issue will pay a 2.625 percent coupon. The shares gained 0.1 percent to 1.85 euros.

Vinci SA (DG FP): The world’s biggest builder said first- half net income rose 1.9 percent to 703 million euros from 690 million euros, and forecast full-year sales growth of “close” to 5 percent as higher revenue from toll roads and the purchase of Cegelec SA and Faceo add to earnings. The shares slipped 0.6 percent to 34.63 euros.

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

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