ASML, Colruyt, GL Events, UniCredit, Vet'Affaires: European Equity Preview
The following companies’ share may have unusual moves in European trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index fell 0.3 percent to 262.48. The Stoxx 50 Index slipped 0.3 percent to 2,513.92. The Euro Stoxx 50 Index, a benchmark for nations using the euro, declined 0.5 percent to 2,775.75.
1000mercis SA (ALMIL FP): The French Internet marketing company said its first-half net income climbed 11 percent to 3.2 million euros. The shares gained 0.3 percent to 36.09 euros.
ASML Holding NV (ASML NA): Europe’s largest maker of semiconductor equipment may report third-quarter net income of 247.4 million euros ($342 million), according to the average of 20 analyst estimates in a Bloomberg survey. ASML added 2.5 percent to 22.09 euros.
Colruyt NV (COLR BB): Shareholders of Belgium’s biggest discount food retailer approved a 5-for-1 stock split, as well as a capital increase by the issue of 1 million new shares reserved for the employees for an issue price of 33.40 euros apiece. Colruyt rose 0.1 percent to 190.80 euros.
Delachaux (DCH FP): The railway-equipment maker may be active after saying its third-quarter sales climbed 24 percent to 185.1 million euros. The company said in a statement it maintained a full-year sales forecast of “slightly more” than 700 million euros. The stock shed 0.6 percent to 58 euros.
Esker SA (ALESK FP): The software company may move after saying its third-quarter sales climbed to 7.67 million euros from 6.96 million euros. Elsker confirmed a full-year revenue growth target of more than 10 percent. The shares rose 1.4 percent to 6.74 euros.
Exel Industries (EXE FP): The spray maker said fourth- quarter revenue advanced 14 percent to 100.1 million euros. The shares were unchanged at 30.50 euros.
Fonciere Sepric (SPRIC FP): The French commercial real- estate investment and management company reported net income of 17.4 million euros for the 12 months ended June 30, compared with a loss of 11.3 million euros in the year-earlier period. The company said the results were calculated on a pro-forma basis. The stock was unchanged at 7.21 euros.
GL Events SA (GLO FP): The company that manages exhibition venues and supplies events services may be active after saying third-quarter revenue surged 46 percent to 150.7 million euros. The company said in a statement it is “confident” it can reach full-year sales of more than 690 million euros. The shares gained 0.5 percent to 23.60 euros.
Man Group Plc (EMG LN): The hedge-fund manager said the weekly net asset value of Man AHL Diversified Futures Ltd. was $40.56 at the close of business on Oct. 11, up 4.54 percent compared with the previous week’s close. The shares fell 0.1 percent to 256.8 pence.
Snam Rete Gas SpA (SRG IM): The owner of Italy’s natural- gas grid confirmed its investment plan for 6.4 billion euros. The shares increased 0.3 percent to 3.79 euros.
Societa’ Cattolica di Assicurazioni SCRL (CASS IM): The Italian insurer completed the sale of 49 percent of BCC Assicurazioni to Iccrea Holding for 10.3 million euros, according to a statement distributed by the Italian exchange. The shares fell 0.5 percent to 19.44 euros.
Tharreau Industries (THAR FP): The non-woven textile company said it will pay out 9.96 million euros to investors in a one-time dividend of 7.50 euros per share.
UniCredit SpA (UCG IM): Italy’s biggest bank doesn’t plan to exit Hungary after the country imposed a special tax on financial institutions, a spokeswoman said. The bank’s plans for Hungary haven’t changed, she said. The shares declined 1.2 percent to 1.85 euros.
Vet’Affaires SA (VET FP): The French discount clothing retailer may move after saying its third-quarter sales jumped to 41.5 million euros. The shares gained 0.4 percent to 26 euros.
William Morrison Supermarkets Plc (MRW LN): The smallest of the main U.K. grocery chains expects a “tough” Christmas with shoppers having less to spend, Chief Executive Officer Dalton Philips said in an interview in London. The stock dropped 1.4 percent to 296.9 pence.
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