BHP, Carrefour, Repsol, Roma, TNT, Unit4: Europe Equity Preview

The following companies’ shares may have unusual moves in European (SXXP) trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index slipped 0.2 percent to 265.68. The Stoxx 50 Index (SX5P) fell 0.4 percent to 2,543.39. The Euro Stoxx 50 Index (SX5E), a benchmark for nations using the euro, declined 0.2 percent to 2,836.11.

BHP Billiton Ltd. (BLT) and Rio Tinto Group (RIO) : The largest and third-largest mining companies are expected to receive a formal complaint from European Union’s antitrust regulators over their plans to create an iron ore joint venture, two people with knowledge of the matter said. BHP shares fell less than 0.1 percent to 2,215 pence and Rio Tinto climbed 2.4 percent to 4,134.5 pence.

Carrefour SA (CA) : The world’s second-largest retailer said third-quarter sales advanced 6.7 percent, narrowly beating analysts’ estimates. The shares rose 0.8 percent to 40.13 euros.

Crucell NV (CRXL NA): The Dutch vaccine maker that is being bought by Johnson & Johnson (JNJ) will host an “initial informal” extraordinary shareholders’ meeting on Dec. 10 to discuss the bid. Crucell was unchanged at 24.55 euros.

EDP Renovaveis SA (EDPR) : The renewable-energy unit of Portuguese utility EDP-Energias de Portugal SA said electricity production in the nine months through September increased 35 percent from the same period last year. The stock rose less than 0.1 percent to 4.06 euros.

Gruppo Editoriale L’Espresso SpA (PC) : The Italian publisher had its price estimate cut to 2.34 euros from 2.75 euros at Centrobanca. The brokerage reiterated a “buy” recommendation. The shares rose 0.4 percent to 1.65 euros.

Iberia Lineas Aereas de Espana SA (IBLA SM): Spain’s biggest airline said passenger traffic rose 10.1 percent in September from a year earlier. The stock declined 0.6 percent to 3.12 euros.

JD Wetherspoon Plc (JDW) : The U.K. owner of more than 750 pubs was downgraded to “hold” from “buy” at KBC Peel Hunt. The stock dropped 3.8 percent to 437.4 pence.

Arnoldo Mondadori Editore SpA (ISP) : The publisher controlled by the Berlusconi family was raised to “hold” from “sell” at UniCredit by equity analyst Maurizio Moretti. The target price was raised to 2.60 euros per share. The shares were unchanged at to 2.32 euros.

PinguinLutosa NV (PIN) : Europe’s second-biggest producer of frozen vegetables said Centrale Cooperative Agricole Bretonne will buy 10 million euros of stock for 11.67 euros a share in a private placement later this month. PinguinLutosa will take over management of seven d’Aucy Frozen Foods processing plants in May 2011 to raise its annual production capacity by 56 percent and expand in eastern Europe. PinguinLutosa retreated 1 percent to 9.31 euros.

Recordati SpA (REC) : Italy’s biggest publicly traded drugmaker had its recommendation cut to “hold” from “buy” at Unicredit by equity analyst Maurizio Moretti. The target price was trimmed to 6.90 euros per share. The shares gained 0.9 percent to 6.88 euros.

Repsol YPF SA (REP) : Spain’s largest oil company is among five companies that won concessions for oil and natural- gas exploration in Peru. The stock declined 0.7 percent to 19.85 euros.

AS Roma SpA (ASR) : The Italian soccer team’s sale process is proceeding according to schedule, Compagnia Italpetroli SpA, owner of the team, said in a stock exchange statement. Rothschild SpA, which is advising Italpetroli on the sale, is selecting the interested counterparties to make preliminary offers. The shares declined 2.6 percent to 1.11 euros.

Banco Sabadell SA (SAB) : Spain’s fourth-biggest bank’s planned takeover of Banco Guipuzcoano SA received approval from the board of Spain’s stock market regulator. The stock declined 1 percent to 3.55 euros.

La Seda de Barcelona SA (SED SM): The company named Carlos Moreira as chairman, replacing Jose Luis Morlanes, who will stay at the company as executive vice chairman. Moreira is chairman of La Seda’s top shareholder, BA Vidro SA. The shares were unchanged at 7 euro cents.

Sopra Group (SOP) : The consulting and computer-services company said third-quarter revenue rose to 272 million euros from 253.8 million euros. Shares rose 0.7 percent to 56.28 euros.

Stallargenes (GENP) : Europe’s second-largest maker of allergy medicines said third-quarter revenue rose to 42 million euros and forecast full-year revenue growth of more than 10 percent. Shares rose 0.3 percent to 65.75 euros.

Standard Chartered Plc (STAN) : The bank planning to raise about 3.3 billion pounds ($5.3 billion) in a rights offer was downgraded to “sell” from “hold” at Independent Research GmbH. The shares advanced 0.6 percent to 1,888 pence.

TKH Group NV (TWEKA) : The Dutch maker of cables and tire-producing machines said Nederlandsche Apparatenfabriek NEDAP NV (NEDAP) , a maker of surveillance and security systems, halted initial talks about a possible merger. TKH, which also considers the discussions as having ended, said it spent 6.26 million euros ($8.81 million) buying a 5.06 percent stake in NEDAP for “strategic defensive considerations.” TKH gained 2.7 percent to 17.40 euros. Nedap fell 1.6 percent to 17.43 euros.

TNT NV (TNT NA): Europe’s second-biggest express delivery company said it is prepared to reduce job cuts to meet demands from labor unions and repeated its goal of 430 million euros in cost savings by 2017. TNT dropped 0.6 percent to 19.43 euros.

Umicore SA (UMI) : The world’s largest precious-metals recycler said it will spend 30 million euros over a three-year period to expand its global production capacity of materials such as indium-tin-oxide used to mount thin film coatings onto displays and photovoltaic panels. Umicore rose less than 0.1 percent to 34.73 euros.

Unit4 NV (UNIT4) (UNIT4 NA): The largest Dutch software distributor said third-quarter earnings before interest, tax, depreciation and amortization increased 6 percent to 20.1 million euros as sales advanced 10 percent in the period. The company said it’s confident it will meet its full-year earnings forecast. Unit4 retreated 0.1 percent to 21.54 euros.

To contact the reporter on this story: Tara Lachapelle in New York at tlachapelle@bloomberg.net.

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

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